Redeia Corporacion (OTCMKTS:RDEIY) Upgraded at Barclays

Barclays upgraded shares of Redeia Corporacion (OTCMKTS:RDEIY) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

RDEIY has been the topic of a number of other research reports. Royal Bank Of Canada downgraded Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 5th. Sanford C. Bernstein raised Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group downgraded Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Redeia Corporacion Trading Down 0.2%

OTCMKTS RDEIY opened at $8.94 on Monday. The firm’s 50 day moving average price is $8.82 and its two-hundred day moving average price is $9.48. Redeia Corporacion has a twelve month low of $8.03 and a twelve month high of $11.50.

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.