Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIY – Get 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 ElÃ©ctrica CorporaciÃ³n, 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.
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