Societe Generale Upgrades RED ELECTRICA C/ADR (OTCMKTS:RDEIY) to “Hold”

RED ELECTRICA C/ADR (OTCMKTS:RDEIY) was upgraded by research analysts at Societe Generale from a “sell” rating to a “hold” rating in a report issued on Tuesday, Briefing.com Automated Import reports.

Separately, Royal Bank of Canada cut shares of 3M from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $207.00 to $176.00 in a research note on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold”.

Shares of RDEIY stock traded down $0.02 during trading hours on Tuesday, hitting $9.82. The company’s stock had a trading volume of 71,424 shares, compared to its average volume of 143,738. The stock has a 50 day simple moving average of $10.70. RED ELECTRICA C/ADR has a 12-month low of $9.78 and a 12-month high of $11.56.

RED ELECTRICA C/ADR Company Profile

Red Eléctrica Corporación, SA transmits electricity; operates and manages transmission network for the electricity system; and manages electricity transmission grid in Spain and internationally. Its transmission network comprises approximately 43,800 kilometers; and has 86,654 MVA of transformer capacity.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for RED ELECTRICA C/ADR (OTCMKTS:RDEIY)

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