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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company.

A number of analysts have weighed in on the company. Barclays raised Redeia Corporacion from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Sanford C. Bernstein raised Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th.

Redeia Corporacion Stock Down 2.7%

Shares of RDEIY stock opened at $8.51 on Thursday. Redeia Corporacion has a fifty-two week low of $8.36 and a fifty-two week high of $11.50. The stock’s 50-day moving average is $8.85 and its two-hundred day moving average is $9.07.

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.