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 ElÃ©ctrica CorporaciÃ³n, 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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