Redeia Corporación (OTCMKTS:RDEIY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Redeia Corporación, S.A. (OTCMKTS:RDEIY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.98 and traded as low as $8.27. Redeia Corporación shares last traded at $8.28, with a volume of 31,227 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Morgan Stanley downgraded Redeia Corporación from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 5th.

Redeia Corporación Stock Up 1.9 %

The business’s fifty day moving average is $8.61 and its 200-day moving average is $8.98.

Redeia Corporación Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 22nd. Investors of record on Monday, January 6th will be given a $0.1053 dividend. The ex-dividend date of this dividend is 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).