Red Electrica Corporacion (OTCMKTS:RDEIY) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the company. Societe Generale reaffirmed a “sell” rating on shares of Red Electrica Corporacion in a research report on Thursday, September 14th. Zacks Investment Research lowered Red Electrica Corporacion from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Royal Bank Of Canada lowered Red Electrica Corporacion from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. Finally, Berenberg Bank lowered Red Electrica Corporacion from a “buy” rating to a “sell” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Red Electrica Corporacion has an average rating of “Hold” and a consensus price target of $12.00.

Shares of Red Electrica Corporacion (RDEIY) opened at $11.00 on Wednesday. Red Electrica Corporacion has a 12-month low of $8.69 and a 12-month high of $11.57.

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