Redeia Corporacion (OTCMKTS:RDEIY) Rating Lowered to “Hold” at Royal Bank Of Canada

Redeia Corporacion (OTCMKTS:RDEIY) was downgraded by stock analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Kepler Capital Markets lowered Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Barclays lowered Redeia Corporacion from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Jefferies Financial Group lowered Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup raised Redeia Corporacion to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein cut Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Redeia Corporacion Stock Down 1.5%

Shares of OTCMKTS RDEIY opened at $8.75 on Wednesday. Redeia Corporacion has a 1-year low of $8.03 and a 1-year high of $11.50. The business’s fifty day moving average price is $9.55 and its two-hundred day moving average price is $9.97.

About Redeia Corporacion

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).