Red Electrica Corporacion SA (RDEIY) Rating Increased to Buy at ValuEngine

Red Electrica Corporacion SA (OTCMKTS:RDEIY) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

RDEIY has been the topic of several other research reports. Zacks Investment Research downgraded Red Electrica Corporacion SA from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Royal Bank Of Canada restated a “sector perform” rating on shares of Red Electrica Corporacion SA in a research report on Tuesday, September 5th. Societe Generale downgraded Red Electrica Corporacion SA from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, Berenberg Bank downgraded Red Electrica Corporacion SA from a “buy” rating to a “sell” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Red Electrica Corporacion SA presently has an average rating of “Hold” and an average price target of $12.00.

Red Electrica Corporacion SA (RDEIY) traded up $0.11 during trading hours on Tuesday, hitting $10.68. The company’s stock had a trading volume of 10,725 shares, compared to its average volume of 57,160. Red Electrica Corporacion SA has a 12-month low of $8.65 and a 12-month high of $11.57.

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