RED ELECTRICA C/ADR (OTCMKTS:RDEIY) Upgraded to “Hold” at Societe Generale
Societe Generale upgraded shares of RED ELECTRICA C/ADR (OTCMKTS:RDEIY) from a sell rating to a hold rating in a report published on Tuesday morning, Briefing.com Automated Import reports.
Separately, Royal Bank of Canada downgraded 3M from an outperform rating to a sector perform rating and reduced their price target for the company from $207.00 to $176.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold.
Shares of OTCMKTS:RDEIY opened at $9.82 on Tuesday. RED ELECTRICA C/ADR has a 1-year low of $9.78 and a 1-year high of $11.56. The firm’s fifty day moving average is $10.68.
Red Eléctrica Corporación, SA transmits electricity; operates and manages transmission network for the electricity system; and manages electricity transmission grid in Spain and internationally. Its transmission network comprises approximately 43,800 kilometers; and has 86,654 MVA of transformer capacity.
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