Red Electrica Corp (RDEIY) Given Consensus Recommendation of “Hold” by Analysts
Shares of Red Electrica Corp (OTCMKTS:RDEIY) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.
RDEIY has been the topic of several analyst reports. Berenberg Bank downgraded shares of Red Electrica from a “buy” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Red Electrica from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Deutsche Bank raised shares of Red Electrica from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.
Shares of Red Electrica (OTCMKTS:RDEIY) traded up $0.09 during midday trading on Thursday, hitting $10.73. 67,845 shares of the company traded hands, compared to its average volume of 61,957. Red Electrica has a 12 month low of $8.86 and a 12 month high of $11.57.
About Red Electrica
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