RED ELECTRICA C/ADR (OTCMKTS:RDEIY) Earns Underweight Rating from Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley began coverage on shares of RED ELECTRICA C/ADR (OTCMKTS:RDEIY) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “underweight” rating on the utilities provider’s stock.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of RED ELECTRICA C/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of RED ELECTRICA C/ADR in a report on Tuesday, July 7th. Finally, Deutsche Bank reissued a “hold” rating on shares of RED ELECTRICA C/ADR in a report on Friday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. RED ELECTRICA C/ADR has a consensus rating of “Hold”.

RDEIY opened at $9.49 on Tuesday. RED ELECTRICA C/ADR has a one year low of $7.18 and a one year high of $10.57. The business’s fifty day moving average is $9.61 and its two-hundred day moving average is $9.09.

About RED ELECTRICA C/ADR

Red El├ęctrica Corporaci├│n, SA transmits electricity; operates and manages transmission network for the electricity system; and manages electricity transmission grid in Spain and internationally. Its transmission network comprises approximately 43,800 kilometers; and has 86,654 MVA of transformer capacity.

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