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

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently issued reports on RDEIY. Royal Bank Of Canada downgraded shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 5th. Sanford C. Bernstein downgraded shares of Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Barclays downgraded shares of Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Kepler Capital Markets cut Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Citigroup upgraded Redeia Corporacion to a “strong-buy” rating in a research report on Wednesday, July 23rd.

Redeia Corporacion Price Performance

Shares of OTCMKTS:RDEIY opened at $8.73 on Friday. The stock’s 50-day simple moving average is $9.44 and its two-hundred day simple moving average is $9.88. Redeia Corporacion has a 52-week low of $8.03 and a 52-week high of $11.50.

About Redeia Corporacion

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).