RED ELECTRICA C/ADR (OTCMKTS:RDEIY) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of RED ELECTRICA C/ADR (OTCMKTS:RDEIY) in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other analysts have also issued reports on RDEIY. Societe Generale upgraded shares of RED ELECTRICA C/ADR from a hold rating to a buy rating in a research note on Tuesday, March 10th. ValuEngine lowered shares of RED ELECTRICA C/ADR from a hold rating to a sell rating in a research note on Tuesday. Finally, Deutsche Bank lowered shares of RED ELECTRICA C/ADR from a buy rating to a hold rating in a research note on Friday, April 3rd.

OTCMKTS RDEIY opened at $9.54 on Tuesday. The company’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $9.21. RED ELECTRICA C/ADR has a 52 week low of $7.18 and a 52 week high of $10.57.

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be paid a $0.315 dividend. The ex-dividend date is Monday, June 29th. This is a positive change from RED ELECTRICA C/ADR’s previous Semi-Annual dividend of $0.11.


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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