Redeia Corporacion (OTCMKTS:RDEIY) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.89 and traded as low as $8.86. Redeia Corporacion shares last traded at $8.91, with a volume of 84,800 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on RDEIY shares. Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Sanford C. Bernstein upgraded shares of Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada lowered shares of Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Barclays downgraded shares of Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Redeia Corporacion has an average rating of “Hold”.

Redeia Corporacion Stock Performance

The stock’s fifty day simple moving average is $8.89 and its 200-day simple moving average is $9.53.

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.