Red Electrica (RDEIY) Rating Lowered to Hold at ValuEngine

Red Electrica (OTCMKTS:RDEIY) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other brokerages also recently weighed in on RDEIY. Deutsche Bank upgraded Red Electrica from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded Red Electrica from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Societe Generale restated a “sell” rating on shares of Red Electrica in a research report on Thursday, September 14th. Finally, Berenberg Bank downgraded Red Electrica from a “buy” rating to a “sell” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Red Electrica currently has an average rating of “Hold” and a consensus target price of $12.00.

Shares of Red Electrica (RDEIY) opened at $11.40 on Friday. Red Electrica has a 1 year low of $8.74 and a 1 year high of $11.57.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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