Berenberg Bank Downgrades Red Electrica Corporacion SA (RDEIY) to Sell

Berenberg Bank lowered shares of Red Electrica Corporacion SA (OTCMKTS:RDEIY) from a buy rating to a sell rating in a research report released on Wednesday, November 1st, Marketbeat.com reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Red Electrica Corporacion SA from a hold rating to a buy rating and set a $13.00 price target for the company in a research note on Thursday, September 14th. Royal Bank Of Canada lowered shares of Red Electrica Corporacion SA from an outperform rating to a sector perform rating in a research note on Tuesday, September 5th. Finally, Societe Generale lowered shares of Red Electrica Corporacion SA from a hold rating to a sell rating in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $12.00.

Red Electrica Corporacion SA (OTCMKTS RDEIY) traded down $0.08 during trading hours on Wednesday, hitting $10.57. 149,385 shares of the stock traded hands, compared to its average volume of 103,767. Red Electrica Corporacion SA has a 12 month low of $8.65 and a 12 month high of $11.57.

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