Red Electrica Corp (RDEIY) Receives Average Rating of “Hold” from Brokerages

Shares of Red Electrica Corp (OTCMKTS:RDEIY) have been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages have issued reports on RDEIY. ValuEngine lowered shares of Red Electrica from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Deutsche Bank upgraded shares of Red Electrica from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Berenberg Bank lowered shares of Red Electrica from a “buy” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of Red Electrica from a “buy” rating to a “hold” rating in a report on Saturday, September 30th.

Shares of Red Electrica (OTCMKTS:RDEIY) opened at $10.92 on Thursday. Red Electrica has a 1 year low of $8.74 and a 1 year high of $11.57.

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Red Electrica Company Profile

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