Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Given Average Rating of “Moderate Buy” by Analysts

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

Several analysts recently issued reports on the company. Barclays raised Redeia Corporacion from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Royal Bank Of Canada cut Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, 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.

Redeia Corporacion Price Performance

Shares of OTCMKTS RDEIY opened at $9.16 on Friday. The firm’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.16. Redeia Corporacion has a 52-week low of $8.39 and a 52-week 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.