Redeia Corporacion (OTCMKTS:RDEIY) Shares Up 2,502,794.7% – Should You Buy?

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) shares shot up 2,502,794.7% during trading on Monday . The company traded as high as $8.80 and last traded at $214,748.3647. 275 shares were traded during mid-day trading, a decline of 100% from the average session volume of 65,253 shares. The stock had previously closed at $8.58.

Wall Street Analysts Forecast Growth

RDEIY has been the topic of a number of research reports. Sanford C. Bernstein upgraded Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Barclays downgraded Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada cut shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group lowered shares of Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Redeia Corporacion presently has a consensus rating of “Hold”.

Redeia Corporacion Stock Performance

The business has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.65.

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).