Redeia Corporación (OTCMKTS:RDEIY) Reaches New 12-Month High – Should You Buy?

Redeia Corporación, S.A. (OTCMKTS:RDEIYGet Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $9.82 and last traded at $9.81, with a volume of 20533 shares traded. The stock had previously closed at $9.69.

Analyst Ratings Changes

RDEIY has been the subject of several research reports. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Get Our Latest Stock Analysis on Redeia Corporación

Redeia Corporación Price Performance

The company’s 50-day simple moving average is $8.84 and its 200-day simple moving average is $8.92.

About Redeia Corporación

(Get Free Report)

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).

See Also

Receive News & Ratings for Redeia Corporación Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redeia Corporación and related companies with MarketBeat.com's FREE daily email newsletter.