Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY) Given Average Rating of "Hold" by Analysts

Key Points

• Redeia Corporación SA's unsponsored ADR (OTCMKTS:RDEIY) has received an average consensus rating of "Hold" from analysts, with two sell ratings, four holds, and one strong buy.
• The stock has experienced significant fluctuations, moving from a 12-month low of $8.03 to a high of $11.50, and is currently trading around $9.81.
• Recent analyst updates include Citigroup's upgrade to "strong buy" and multiple downgrades from other firms, highlighting changes in market sentiment surrounding the company.

Shares of Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company.

RDEIY has been the topic of several recent research reports. Citigroup upgraded Redeia Corporacion to a "strong-buy" rating in a research report on Wednesday, July 23rd. Barclays lowered Redeia Corporacion from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, October 15th. Sanford C. Bernstein lowered Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Kepler Capital Markets lowered Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group lowered Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th.

Redeia Corporacion Stock Performance

Redeia Corporacion stock opened at $9.81 on Monday. Redeia Corporacion has a 12 month low of $8.03 and a 12 month high of $11.50. The stock's 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $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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