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.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2018/01/25/red-electrica-corp-rdeiy-receives-consensus-recommendation-of-hold-from-analysts.html.

About Red Electrica

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