Redeia Corporación (OTCMKTS:RDEIY) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of Redeia Corporación (OTCMKTS:RDEIY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Redeia Corporación Stock Down 0.7 %

Shares of OTCMKTS:RDEIY opened at $8.85 on Monday. The company has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $9.10. Redeia Corporación has a one year low of $7.68 and a one year high of $9.78.

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).