Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIY) Given Consensus Rating of “Hold” by Analysts


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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.

About Red Eléctrica Corporación

Red Eléctrica Corporación, 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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Analyst Recommendations for Red Eléctrica Corporación (OTCMKTS:RDEIY)

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