Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several equities research analysts have recently issued reports on the company. Barclays upgraded Redeia Corporacion from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Sanford C. Bernstein upgraded Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th.

Redeia Corporacion Trading Down 0.6%

Redeia Corporacion stock opened at $8.38 on Thursday. Redeia Corporacion has a twelve month low of $8.29 and a twelve month high of $11.50. The firm’s 50 day moving average price is $8.82 and its two-hundred day moving average price is $9.04.

About Redeia Corporacion

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.