Red Electrica Corp (RDEIY) Given Average Recommendation of “Hold” by Brokerages

Shares of Red Electrica Corp (OTCMKTS:RDEIY) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

Several research analysts recently weighed in on the stock. Berenberg Bank cut shares of Red Electrica from a “buy” rating to a “sell” rating in a research report on Wednesday, November 1st. Deutsche Bank upgraded shares of Red Electrica from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of Red Electrica from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research cut shares of Red Electrica from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th.

Shares of Red Electrica (OTCMKTS RDEIY) remained flat at $$11.01 during trading on Thursday. The stock had a trading volume of 52,700 shares, compared to its average volume of 53,807. Red Electrica has a 52-week low of $8.75 and a 52-week high of $11.57.

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Red Electrica Company Profile

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