Red Eléctrica Corporación, S.A. (OTCMKTS:RDEIY – Get Rating) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.50.
Several analysts have issued reports on the stock. Morgan Stanley raised shares of Red Eléctrica Corporación from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 29th. Royal Bank of Canada increased their price objective on Red Eléctrica Corporación from €20.00 ($21.05) to €20.50 ($21.58) and gave the stock an “outperform” rating in a research note on Friday, March 18th. UBS Group raised Red Eléctrica Corporación from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 16th. Finally, Societe Generale raised shares of Red Eléctrica Corporación from a “sell” rating to a “hold” rating in a research report on Thursday, February 24th.
Shares of OTCMKTS:RDEIY traded down $0.03 on Friday, reaching $9.68. 19,140 shares of the company traded hands, compared to its average volume of 26,212. The company’s 50 day moving average is $9.97 and its 200-day moving average is $10.10. Red Eléctrica Corporación has a fifty-two week low of $9.03 and a fifty-two week high of $10.82.
Red Eléctrica Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,687 kilometers; and has 93,871 MVA of transformation capacity.
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