Shares of Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIY) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company.
RDEIY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Red Eléctrica Corporación in a research note on Monday, February 22nd. UBS Group reaffirmed a “neutral” rating on shares of Red Eléctrica Corporación in a research note on Wednesday, April 7th. Sanford C. Bernstein initiated coverage on Red Eléctrica Corporación in a research note on Tuesday, February 9th. They issued a “market perform” rating for the company. Societe Generale reaffirmed a “buy” rating on shares of Red Eléctrica Corporación in a research note on Thursday, February 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Red Eléctrica Corporación in a research note on Friday, March 26th.
OTCMKTS:RDEIY traded down $0.02 during mid-day trading on Tuesday, hitting $9.16. 19,894 shares of the company traded hands, compared to its average volume of 42,418. The stock’s fifty day moving average price is $8.85 and its 200-day moving average price is $9.34. Red Eléctrica Corporación has a one year low of $8.12 and a one year high of $10.50.
Red ElÃ©ctrica CorporaciÃ³n, SA transmits electricity and operates and manages transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,468 kilometers; and has 93,545 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; telecommunications infrastructure services to telecommunications operators comprising leasing of dark fiber; and line and sub-station maintenance services.
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