Redeia Corporación (OTCMKTS:RDEIY) Reaches New 52-Week High – Here’s Why

Redeia Corporación, S.A. (OTCMKTS:RDEIYGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $9.81 and last traded at $9.63, with a volume of 53902 shares traded. The stock had previously closed at $9.57.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RDEIY. Morgan Stanley downgraded shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 5th. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

View Our Latest Stock Analysis on RDEIY

Redeia Corporación Price Performance

The company’s fifty day moving average is $8.72 and its 200 day moving average is $8.92.

Redeia Corporación Company Profile

(Get Free Report)

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).

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