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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company.

A number of research analysts recently commented on RDEIY shares. Citigroup upgraded shares of Redeia Corporacion to a “strong-buy” rating in a research note on Wednesday, July 23rd. Barclays lowered Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Kepler Capital Markets lowered Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group cut Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th.

Redeia Corporacion Stock Performance

RDEIY stock opened at $9.68 on Monday. The firm’s 50-day moving average is $9.62 and its two-hundred day moving average is $10.05. Redeia Corporacion has a 52 week low of $8.03 and a 52 week high of $11.50.

Redeia Corporacion Company Profile

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).