Redeia Corporación (OTCMKTS:RDEIY) Stock Rating Lowered by Morgan Stanley

Redeia Corporación (OTCMKTS:RDEIY) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Thursday, Marketbeat Ratings reports.

Separately, BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Redeia Corporación Price Performance

Shares of RDEIY stock opened at $8.92 on Thursday. The firm has a fifty day moving average of $9.04 and a two-hundred day moving average of $9.10. Redeia Corporación has a 1-year low of $7.68 and a 1-year high of $9.78.

About Redeia Corporación

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).