Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada downgraded shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 5th. Barclays raised shares of Redeia Corporacion from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Sanford C. Bernstein raised shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th.

Redeia Corporacion Stock Up 1.8%

OTCMKTS:RDEIY opened at $8.64 on Wednesday. Redeia Corporacion has a twelve month low of $8.29 and a twelve month high of $11.50. The stock’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $9.28.

About Redeia Corporacion

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.