Berenberg Bank cut shares of Red Electrica Corporacion SA (OTCMKTS:RDEIY) from a buy rating to a sell rating in a report issued on Wednesday morning, MarketBeat.com reports.

RDEIY has been the topic of a number of other research reports. Zacks Investment Research raised shares of Red Electrica Corporacion SA from a hold rating to a buy rating and set a $12.00 price objective on the stock in a report on Saturday, August 26th. Royal Bank Of Canada reissued a sector perform rating on shares of Red Electrica Corporacion SA in a report on Tuesday, September 5th. Finally, Societe Generale reissued a sell rating on shares of Red Electrica Corporacion SA in a report on Thursday, September 14th.

Shares of Red Electrica Corporacion SA (OTCMKTS:RDEIY) opened at $10.59 on Wednesday. Red Electrica Corporacion SA has a 1-year low of $8.65 and a 1-year high of $11.57.

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