Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have received an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating on the company.

Several equities research analysts have weighed in on RDEIY shares. Kepler Capital Markets downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Sanford C. Bernstein downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Citigroup upgraded Redeia Corporacion to a “strong-buy” rating in a report on Wednesday, July 23rd.

Redeia Corporacion Stock Performance

Shares of OTCMKTS RDEIY opened at $9.53 on Thursday. The stock’s 50-day moving average is $9.68 and its two-hundred day moving average is $10.08. Redeia Corporacion has a 1-year low of $8.03 and a 1-year high of $11.50.

Redeia Corporacion Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Tuesday, July 8th were issued a $0.2115 dividend. This represents a dividend yield of 257.0%. The ex-dividend date was Monday, July 7th. This is an increase from Redeia Corporacion’s previous dividend of $0.11.

About Redeia Corporacion

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).