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Redeia Corporación (OTCMKTS:RDEIY) Share Price Passes Above 50-Day Moving Average - Here's Why

Redeia Corporación logo with Utilities background

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.06 and traded as high as $10.07. Redeia Corporación shares last traded at $9.97, with a volume of 14,372 shares.

Analyst Upgrades and Downgrades

Separately, BNP Paribas cut Redeia Corporación from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

View Our Latest Report on Redeia Corporación

Redeia Corporación Stock Down 2.1%

The company has a fifty day moving average of $10.10 and a two-hundred day moving average of $9.15.

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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