Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

A number of analysts have recently commented on RDEIY shares. Barclays raised shares of Redeia Corporacion from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Sanford C. Bernstein upgraded Redeia Corporacion from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada downgraded Redeia Corporacion from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 5th.

Redeia Corporacion Price Performance

Shares of OTCMKTS RDEIY opened at $9.41 on Friday. The firm has a fifty day moving average of $8.88 and a 200 day moving average of $9.16. Redeia Corporacion has a one year low of $8.39 and a one year 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.