Redeia Corporación (OTCMKTS:RDEIY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.05 and traded as low as $8.37. Redeia Corporación shares last traded at $8.49, with a volume of 47,452 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RDEIY shares. BNP Paribas upgraded Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Morgan Stanley downgraded shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Redeia Corporación Trading Down 0.1 %

The business’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $9.05.

Redeia Corporación Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Monday, January 6th will be paid a dividend of $0.1053 per share. The ex-dividend date is Monday, January 6th.

Redeia Corporación Company Profile

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).