Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Receives Average Rating of “Hold” from Analysts

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Royal Bank Of Canada cut shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Sanford C. Bernstein lowered shares of Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Barclays cut shares of Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 15th.

Redeia Corporacion Stock Down 0.3%

RDEIY opened at $8.76 on Tuesday. Redeia Corporacion has a 52 week low of $8.03 and a 52 week high of $11.50. The business has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $9.70.

Redeia Corporacion 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).