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

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One investment 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.

A number of equities research analysts recently commented on RDEIY shares. Royal Bank Of Canada lowered shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 5th. Sanford C. Bernstein upgraded Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Barclays cut Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th.

Redeia Corporacion Stock Up 2.0%

Shares of RDEIY opened at $9.09 on Friday. Redeia Corporacion has a twelve month low of $8.03 and a twelve month high of $11.50. The firm’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $9.49.

Redeia Corporacion Company Profile

Redeia Corporación (OTCMKTS:RDEIY) is a Spain-based energy infrastructure group principally engaged in the transmission of electricity, provision of telecommunications services through an extensive fiber-optic network, and transportation and distribution of natural gas. In its electricity transmission business, Redeia operates and maintains high-voltage lines and substations under long-term concession agreements, ensuring the reliable flow of power across the Iberian Peninsula. Its telecommunications arm leverages that same network infrastructure to serve both internal grid-management needs and third-party clients, supporting data traffic and digital services.