Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIY) Receives Average Rating of “Hold” from Analysts

Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIYGet Rating) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.25.

Several analysts recently weighed in on RDEIY shares. Royal Bank of Canada increased their target price on Red Eléctrica Corporación from €20.00 ($21.74) to €20.50 ($22.28) and gave the company an “outperform” rating in a research note on Friday, March 18th. UBS Group raised Red Eléctrica Corporación from a “sell” rating to a “neutral” rating in a report on Wednesday, February 16th. Morgan Stanley upped their price target on Red Eléctrica Corporación from €15.00 ($16.30) to €16.00 ($17.39) in a report on Wednesday, April 6th. Finally, Societe Generale raised Red Eléctrica Corporación from a “sell” rating to a “hold” rating in a report on Thursday, February 24th.

Shares of OTCMKTS:RDEIY opened at $10.46 on Tuesday. The business has a 50 day moving average price of $9.77 and a 200 day moving average price of $10.12. Red Eléctrica Corporación has a twelve month low of $8.81 and a twelve month high of $10.82.

Red Eléctrica Corporación Company Profile (Get Rating)

Red Eléctrica Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,687 kilometers; and has 93,871 MVA of transformation capacity.

Featured Stories

Analyst Recommendations for Red Eléctrica Corporación (OTCMKTS:RDEIY)

Receive News & Ratings for Red Eléctrica Corporación Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Eléctrica Corporación and related companies with MarketBeat.com's FREE daily email newsletter.