RED ELECTRICA C/ADR (OTCMKTS:RDEIY) Given Average Recommendation of “Hold” by Brokerages

RED ELECTRICA C/ADR (OTCMKTS:RDEIY) has been given an average rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

Several analysts have issued reports on the company. Royal Bank of Canada downgraded 3M from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $207.00 to $176.00 in a report on Monday, July 8th. Societe Generale assumed coverage on PPG Industries in a report on Tuesday, July 9th. They set a “buy” rating and a $138.00 price objective on the stock.

Shares of OTCMKTS RDEIY traded up $0.05 during trading on Monday, reaching $9.87. 58,782 shares of the stock were exchanged, compared to its average volume of 124,553. The business’s 50-day moving average price is $10.66. RED ELECTRICA C/ADR has a twelve month low of $9.78 and a twelve month high of $11.56.

About RED ELECTRICA C/ADR

Red Eléctrica Corporación, SA transmits electricity; operates and manages transmission network for the electricity system; and manages electricity transmission grid in Spain and internationally. Its transmission network comprises approximately 43,800 kilometers; and has 86,654 MVA of transformer capacity.

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Analyst Recommendations for RED ELECTRICA C/ADR (OTCMKTS:RDEIY)

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