Red Eléctrica Corporación - RDEIY Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Red Eléctrica Corporación in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RDEIY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDEIY, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12 month price objectives for Red Eléctrica Corporación's stock. Their RDEIY share price forecasts range from $16.00 to $20.50. On average, they anticipate the company's stock price to reach $18.42 in the next year. This suggests a possible upside of 86.0% from the stock's current price.
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Red Eléctrica Corporación's stock was trading at $10.79 at the beginning of 2022. Since then, RDEIY shares have decreased by 8.2% and is now trading at $9.90.
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Red Eléctrica Corporación saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 13,100 shares, a decrease of 55.7% from the July 15th total of 29,600 shares. Based on an average daily trading volume, of 202,600 shares, the short-interest ratio is presently 0.1 days.
View Red Eléctrica Corporación's Short Interest.

Red Eléctrica Corporación declared a dividend on Wednesday, June 22nd. Stockholders of record on Thursday, June 30th will be given a dividend of $0.2726 per share on Monday, July 18th. This represents a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a positive change from the stock's previous dividend of $0.11.
Read our dividend analysis for RDEIY.

Red Eléctrica Corporación (OTCMKTS:RDEIY) pays an annual dividend of $0.53 per share and currently has a dividend yield of 5.36%. RDEIY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for RDEIY.

Red Eléctrica Corporación trades on the OTCMKTS under the ticker symbol "RDEIY."

Shares of RDEIY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RDEIY stock can currently be purchased for approximately $9.90.

Red Eléctrica Corporación (OTCMKTS:RDEIY) has a market capitalization of $10.71 billion and generates $2.31 billion in revenue each year.

The company employs 2,117 workers across the globe.

The official website for the company is www.ree.es. The utilities provider can be reached via phone at (491) 650-8500 or via email at relacioninversores@ree.es.