Redeia Corporación (OTCMKTS:RDEIY) Stock Passes Above 50 Day Moving Average - Should You Sell?

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.50 and traded as high as $9.10. Redeia Corporación shares last traded at $9.06, with a volume of 22,923 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RDEIY shares. BNP Paribas raised Redeia Corporación from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Morgan Stanley lowered Redeia Corporación from an "equal weight" rating to an "underweight" rating in a research report on Thursday, December 5th.

Redeia Corporación Stock Up 2.0 %

The firm's 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.91.

Redeia Corporación Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Monday, January 6th were given a dividend of $0.1053 per share. The ex-dividend date was Monday, January 6th.

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).