Redeia Corporación (OTCMKTS:RDEIY) Hits New 1-Year High – Here’s Why

Redeia Corporación, S.A. (OTCMKTS:RDEIYGet Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $9.82 and last traded at $9.81, with a volume of 20533 shares traded. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RDEIY. Morgan Stanley cut Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Get Our Latest Stock Analysis on Redeia Corporación

Redeia Corporación Stock Performance

The stock’s 50-day simple moving average is $8.91 and its two-hundred day simple moving average is $8.93.

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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