Red Electrica Corporacion SA (RDEIY) Lifted to Buy at ValuEngine

Red Electrica Corporacion SA (OTCMKTS:RDEIY) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities analysts have also commented on RDEIY. Zacks Investment Research raised Red Electrica Corporacion SA from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, August 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Red Electrica Corporacion SA in a research note on Tuesday, September 5th. Finally, Societe Generale reaffirmed a “sell” rating on shares of Red Electrica Corporacion SA in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.00.

Shares of Red Electrica Corporacion SA (RDEIY) opened at $10.59 on Tuesday. Red Electrica Corporacion SA has a twelve month low of $8.65 and a twelve month high of $11.57.

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