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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) shares 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RDEIY shares. BNP Paribas raised shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th.

Redeia Corporación Stock Up 1.9 %

The firm has a fifty day simple moving average of $8.61 and a two-hundred day simple moving average of $8.98.

Redeia Corporación Cuts Dividend

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

Redeia Corporación Company Profile

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).