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

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a strong buy recommendation to the company.

RDEIY has been the subject of several research analyst reports. Royal Bank Of Canada lowered Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Jefferies Financial Group lowered shares of Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Barclays lowered shares of Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, Sanford C. Bernstein upgraded shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Redeia Corporacion Stock Down 1.3%

Shares of RDEIY opened at $8.58 on Tuesday. The stock has a 50 day moving average of $9.09 and a 200 day moving average of $9.67. Redeia Corporacion has a 12 month low of $8.03 and a 12 month 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).