Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Receives Average Rating of “Moderate Buy” from Brokerages

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company.

A number of equities research analysts have recently commented on the stock. 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 upgraded shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Barclays raised shares of Redeia Corporacion from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Redeia Corporacion Stock Performance

RDEIY stock opened at $9.41 on Friday. The firm has a 50 day moving average of $8.88 and a 200-day moving average of $9.16. Redeia Corporacion has a 12 month low of $8.39 and a 12 month high of $11.50.

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.