Red Electrica (RDEIY) Downgraded by ValuEngine

Red Electrica (OTCMKTS:RDEIY) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts have also weighed in on the stock. Deutsche Bank raised shares of Red Electrica from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Berenberg Bank lowered shares of Red Electrica from a “buy” rating to a “sell” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Red Electrica from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, Societe Generale downgraded shares of Red Electrica from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Red Electrica presently has an average rating of “Hold” and an average target price of $12.00.

Shares of Red Electrica (RDEIY) traded up $0.31 during mid-day trading on Friday, reaching $11.40. 48,522 shares of the company’s stock traded hands, compared to its average volume of 40,063. Red Electrica has a 52 week low of $8.74 and a 52 week high of $11.57.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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