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Redeia Corporación (OTCMKTS:RDEIY) Stock Price Passes Above 50 Day Moving Average - What's Next?

Redeia Corporación logo with Utilities background
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Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.65 and traded as high as $9.60. Redeia Corporación shares last traded at $9.58, with a volume of 15,022 shares.

Analyst Upgrades and Downgrades

RDEIY has been the subject of a number of recent research reports. BNP Paribas raised shares of Redeia Corporación from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Morgan Stanley downgraded shares of Redeia Corporación from an "equal weight" rating to an "underweight" rating in a research note on Thursday, December 5th.

View Our Latest Report on RDEIY

Redeia Corporación Stock Performance

The stock's 50 day moving average is $8.67 and its two-hundred day moving average is $8.91.

Redeia Corporación Company Profile

(Get Free Report)

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).

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