Red Electrica Corporacion SA (OTC:RDEIY) was downgraded by research analysts at Societe Generale from a “hold” rating to a “sell” rating in a report issued on Thursday, reports.

Separately, Royal Bank Of Canada cut Red Electrica Corporacion SA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th.

Shares of Red Electrica Corporacion SA (RDEIY) traded down 1.09% during midday trading on Thursday, hitting $10.84. The stock had a trading volume of 28,666 shares. Red Electrica Corporacion SA has a 12-month low of $8.65 and a 12-month high of $11.57. The firm has a 50-day moving average of $11.08 and a 200 day moving average of $10.44. The firm has a market cap of $11.70 billion, a PE ratio of 15.33 and a beta of 0.67.

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