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

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

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

Redeia Corporacion Price Performance

Shares of Redeia Corporacion stock opened at $8.58 on Wednesday. Redeia Corporacion has a 52 week low of $8.39 and a 52 week high of $11.50. The business has a 50 day moving average price of $8.76 and a 200-day moving average price of $9.22.

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.