Citigroup Upgrades Redeia Corporacion (OTCMKTS:RDEIY) to "Strong-Buy"

Key Points

• Citigroup has upgraded Redeia Corporacion (OTCMKTS:RDEIY) to a "strong-buy" rating, reflecting increased confidence in the company's future performance.
• In a contrasting move, BNP Paribas downgraded Redeia Corporacion from "strong-buy" to "hold," indicating differing views among analysts regarding the stock's potential.
• The stock is currently trading at $10.13, with a one-year high of $11.50 and a low of $8.03, showcasing its recent volatility in the market.

Redeia Corporacion (OTCMKTS:RDEIY - Get Free Report) was upgraded by stock analysts at Citigroup to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Separately, BNP Paribas lowered shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

Redeia Corporacion Trading Down 2.0%

OTCMKTS RDEIY traded down $0.20 during trading on Wednesday, reaching $9.93. The company's stock had a trading volume of 33,874 shares, compared to its average volume of 46,509. Redeia Corporacion has a twelve month low of $8.03 and a twelve month high of $11.50. The business's fifty day moving average price is $10.40 and its 200-day moving average price is $9.77.

About Redeia Corporacion

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).