Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.21 and traded as low as $9.35. Redeia Corporacion shares last traded at $9.42, with a volume of 71,181 shares changing hands.
Analysts Set New Price Targets
RDEIY has been the topic of a number of research reports. BNP Paribas lowered shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Kepler Capital Markets downgraded shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citigroup upgraded shares of Redeia Corporacion to a "strong-buy" rating in a research note on Wednesday, July 23rd.
View Our Latest Report on RDEIY
Redeia Corporacion Price Performance
The business's fifty day moving average price is $10.17 and its 200-day moving average price is $9.90.
Redeia Corporacion Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Tuesday, July 8th were given a dividend of $0.2115 per share. The ex-dividend date was Monday, July 7th. This is an increase from Redeia Corporacion's previous dividend of $0.11. This represents a yield of 257.0%.
About Redeia Corporacion
(
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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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