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Redeia Corporación (OTCMKTS:RDEIY) Shares Pass Below Fifty Day Moving Average - Here's Why

Redeia Corporación logo with Utilities background

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.36 and traded as low as $10.13. Redeia Corporación shares last traded at $10.17, with a volume of 50,635 shares traded.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded shares of Redeia Corporación from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th.

View Our Latest Report on RDEIY

Redeia Corporación Stock Performance

The business has a 50-day moving average price of $10.35 and a 200 day moving average price of $9.35.

About Redeia Corporación

(Get Free Report)

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).

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