Redeia Corporación (OTCMKTS:RDEIY) Stock Rating Lowered by BNP Paribas

Redeia Corporación (OTCMKTS:RDEIY) was downgraded by equities research analysts at BNP Paribas from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Redeia Corporación Trading Down 1.9 %

RDEIY opened at $9.78 on Tuesday. The stock has a 50-day moving average of $10.08 and a 200 day moving average of $9.14. Redeia Corporación has a 12 month low of $8.03 and a 12 month high of $11.50.

About Redeia Corporación

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).