Redeia Corporación (OTCMKTS:RDEIY) Hits New 52-Week High – Time to Buy?

Redeia Corporación, S.A. (OTCMKTS:RDEIY) shares hit 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. The stock had previously closed at $10.01.

Analysts Set New Price Targets

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

Redeia Corporación Stock Performance

The stock’s 50 day moving average price is $8.98 and its 200 day moving average price is $8.92.

Redeia Corporación Company Profile

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).