Redeia Corporación, S.A. (OTCMKTS:RDEIY – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.65 and traded as high as $9.60. Redeia Corporación shares last traded at $9.58, with a volume of 15,022 shares changing hands.
Analyst Ratings Changes
Several research analysts recently issued reports on RDEIY shares. Morgan Stanley cut Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.
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Redeia Corporación Stock Performance
About Redeia Corporación
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).
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