Redeia Corporación (OTCMKTS:RDEIY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Redeia Corporación, S.A. (OTCMKTS:RDEIY)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.05 and traded as low as $8.37. Redeia Corporación shares last traded at $8.49, with a volume of 47,452 shares.

Analyst Ratings Changes

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

Redeia Corporación Trading Up 1.4 %

The stock’s fifty day simple moving average is $8.77 and its two-hundred day simple moving average is $9.04.

Redeia Corporación Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Monday, January 6th will be issued a dividend of $0.1053 per share. The ex-dividend date of this dividend 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).