Redeia Corporacion (OTCMKTS:RDEIY) Cut to "Strong Sell" at Barclays

Key Points

• Redeia Corporacion has been downgraded from a "strong-buy" to a "strong sell" rating by Barclays, indicating significant changes in analysts' outlook for the stock.
• Other research firms, including Jefferies, Kepler, and Sanford C. Bernstein, have similarly reduced their ratings, suggesting a shift in sentiment among analysts with one maintaining a "Strong Buy" rating.
• Currently, Redeia Corporacion's stock is trading at $9.81, showing a 52-week range between a low of $8.03 and a high of $11.50.

Redeia Corporacion (OTCMKTS:RDEIY - Get Free Report) was downgraded by Barclays from a "strong-buy" rating to a "strong sell" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on RDEIY. Jefferies Financial Group downgraded shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Kepler Capital Markets downgraded shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Sanford C. Bernstein downgraded shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Citigroup raised shares of Redeia Corporacion to a "strong-buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Redeia Corporacion presently has an average rating of "Hold".

Redeia Corporacion Stock Up 0.4%

OTCMKTS RDEIY opened at $9.81 on Wednesday. Redeia Corporacion has a 52-week low of $8.03 and a 52-week high of $11.50. The company has a fifty day moving average of $9.59 and a 200-day moving average of $10.06.

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).

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