Redeia Corporación (OTCMKTS:RDEIY) Sets New 1-Year High – Here’s Why

Redeia Corporación, S.A. (OTCMKTS:RDEIYGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $10.05 and last traded at $10.05, with a volume of 64804 shares trading hands. The stock had previously closed at $10.01.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Get Our Latest Stock Analysis on Redeia Corporación

Redeia Corporación Stock Performance

The company’s 50 day simple moving average is $9.10 and its two-hundred day simple moving average is $8.95.

Redeia Corporación Company Profile

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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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