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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five 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 have weighed in on the company. Sanford C. Bernstein upgraded Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Barclays upgraded shares of Redeia Corporacion from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th.

Redeia Corporacion Trading Up 0.2%

RDEIY stock opened at $8.54 on Thursday. Redeia Corporacion has a 1 year low of $8.29 and a 1 year high of $11.50. The stock has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $9.03.

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.