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

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

RDEIY has been the subject of several analyst reports. Barclays upgraded Redeia Corporacion from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Sanford C. Bernstein raised Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th.

Redeia Corporacion Trading Down 2.2%

RDEIY opened at $8.43 on Thursday. The firm’s 50 day moving average is $8.83 and its 200-day moving average is $9.05. Redeia Corporacion has a 52-week low of $8.36 and a 52-week high of $11.50.

Redeia Corporacion Company Profile

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.