Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

A number of analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Barclays raised Redeia Corporacion from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada lowered Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 5th.

Redeia Corporacion Trading Up 0.4%

Redeia Corporacion stock opened at $8.60 on Wednesday. Redeia Corporacion has a 1 year low of $8.29 and a 1 year high of $11.50. The firm’s 50 day moving average price is $8.77 and its 200-day moving average price is $9.26.

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.