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 trading hands.
Wall Street Analyst Weigh In
RDEIY has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.
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Redeia Corporación Price 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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