Red Eléctrica Corporación (OTCMKTS:RDEIY) Upgraded to Equal Weight by Morgan Stanley

Morgan Stanley upgraded shares of Red Eléctrica Corporación (OTCMKTS:RDEIYGet Rating) from an underweight rating to an equal weight rating in a report released on Friday, The Fly reports.

RDEIY has been the subject of several other reports. Royal Bank of Canada upped their price objective on Red Eléctrica Corporación from €20.00 ($21.51) to €20.50 ($22.04) and gave the stock an outperform rating in a research note on Friday, March 18th. UBS Group upgraded Red Eléctrica Corporación from a sell rating to a neutral rating in a research note on Wednesday, February 16th. Finally, Societe Generale upgraded Red Eléctrica Corporación from a sell rating to a hold rating in a research note on Thursday, February 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $18.25.

OTCMKTS:RDEIY opened at $9.98 on Friday. Red Eléctrica Corporación has a one year low of $9.03 and a one year high of $10.82. The business has a fifty day moving average price of $9.89 and a 200-day moving average price of $10.12.

Red Eléctrica Corporación Company Profile (Get Rating)

Red Eléctrica Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,687 kilometers; and has 93,871 MVA of transformation capacity.

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Analyst Recommendations for Red Eléctrica Corporación (OTCMKTS:RDEIY)

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