Red Electrica Corp (RDEIY) Receives Consensus Recommendation of “Hold” from Analysts
Red Electrica Corp (OTCMKTS:RDEIY) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.
RDEIY has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Red Electrica from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Deutsche Bank upgraded shares of Red Electrica from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Berenberg Bank lowered shares of Red Electrica from a “buy” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of Red Electrica from a “buy” rating to a “hold” rating in a report on Saturday, September 30th.
Shares of Red Electrica (OTCMKTS:RDEIY) opened at $10.92 on Thursday. Red Electrica has a 1-year low of $8.74 and a 1-year high of $11.57.
About Red Electrica
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