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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

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

Redeia Corporacion Price Performance

Shares of RDEIY opened at $9.52 on Friday. The company’s 50-day simple moving average is $8.91 and its 200-day simple moving average is $9.16. Redeia Corporacion has a 1 year low of $8.39 and a 1 year high of $11.50.

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.