ValuEngine Lowers Red Electrica (RDEIY) to Hold

ValuEngine cut shares of Red Electrica (OTCMKTS:RDEIY) from a buy rating to a hold rating in a research note issued to investors on Friday, January 5th.

RDEIY has been the topic of several other reports. Deutsche Bank upgraded shares of Red Electrica from a hold rating to a buy rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Red Electrica from a buy rating to a hold rating in a research note on Tuesday, September 19th. Societe Generale restated a sell rating on shares of Red Electrica in a research note on Thursday, September 14th. Finally, Berenberg Bank downgraded shares of Red Electrica from a buy rating to a sell rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $12.00.

Shares of Red Electrica (OTCMKTS:RDEIY) opened at $10.95 on Friday. Red Electrica has a one year low of $8.74 and a one year high of $11.57.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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