Red Electrica Corporacion (RDEIY) Rating Increased to Buy at Deutsche Bank

Red Electrica Corporacion (OTCMKTS:RDEIY) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Red Electrica Corporacion from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Thursday, September 14th. ValuEngine upgraded Red Electrica Corporacion from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada lowered Red Electrica Corporacion from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Finally, Berenberg Bank lowered Red Electrica Corporacion from a “buy” rating to a “sell” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Red Electrica Corporacion currently has an average rating of “Hold” and an average target price of $12.00.

Red Electrica Corporacion (OTCMKTS RDEIY) opened at $11.19 on Wednesday. Red Electrica Corporacion has a 52-week low of $8.69 and a 52-week high of $11.57.

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