Redeia Corporacion (OTCMKTS:RDEIY) Shares Gap Down - What's Next?

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $10.77, but opened at $10.32. Redeia Corporacion shares last traded at $10.32, with a volume of 3,081 shares changing hands.

Analyst Upgrades and Downgrades

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

Redeia Corporacion Stock Up 0.2%

The firm's 50-day moving average price is $10.36 and its 200-day moving average price is $9.59.

Redeia Corporacion Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, July 23rd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.2115 per share. This represents a yield of 2.57%. This is a positive change from Redeia Corporacion's previous dividend of $0.11. The ex-dividend date is Monday, July 7th.

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).