Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY) Receives Average Rating of "Hold" from Brokerages

Key Points

• Redeia Corporacion SA has received an average recommendation of "Hold" from six brokerage firms, with one sell rating, four hold ratings, and one strong buy rating.
• The company recently increased its dividend to $0.2115 per share, significantly up from the previous $0.11, equating to a yield of 257.0%.
• Shares of Redeia Corporacion are currently trading down 1.3%, with a 50-day moving average of $9.71 and a 200-day moving average of $10.07.

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) has been assigned an average recommendation of "Hold" from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company.

A number of research firms recently weighed in on RDEIY. Jefferies Financial Group lowered shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Citigroup upgraded shares of Redeia Corporacion to a "strong-buy" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein lowered shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Kepler Capital Markets lowered shares of Redeia Corporacion from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st.

Redeia Corporacion Trading Down 1.3%

Shares of OTCMKTS RDEIY opened at $9.53 on Thursday. The firm's 50-day moving average price is $9.71 and its 200-day moving average price is $10.07. Redeia Corporacion has a 1-year low of $8.03 and a 1-year high of $11.50.

Redeia Corporacion Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Tuesday, July 8th were paid a $0.2115 dividend. This is a positive change from Redeia Corporacion's previous dividend of $0.11. The ex-dividend date was Monday, July 7th. This represents a yield of 257.0%.

Redeia Corporacion Company Profile

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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