Redeia Corporacion (OTCMKTS:RDEIY) Stock Rating Upgraded by Barclays

Redeia Corporacion (OTCMKTS:RDEIY) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

RDEIY has been the subject of several other reports. Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note 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 report on Wednesday, November 5th. Finally, Sanford C. Bernstein raised shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Redeia Corporacion has a consensus rating of “Moderate Buy”.

Redeia Corporacion Stock Performance

Shares of RDEIY stock opened at $8.96 on Monday. Redeia Corporacion has a 12-month low of $8.03 and a 12-month high of $11.50. The firm has a 50 day moving average price of $8.83 and a two-hundred day moving average price of $9.48.

About Redeia Corporacion

Redeia Corporación (OTCMKTS:RDEIY) is a Spain-based energy infrastructure group principally engaged in the transmission of electricity, provision of telecommunications services through an extensive fiber-optic network, and transportation and distribution of natural gas. In its electricity transmission business, Redeia operates and maintains high-voltage lines and substations under long-term concession agreements, ensuring the reliable flow of power across the Iberian Peninsula. Its telecommunications arm leverages that same network infrastructure to serve both internal grid-management needs and third-party clients, supporting data traffic and digital services.