Redeia Corporación (OTCMKTS:RDEIY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Redeia Corporación, S.A. (OTCMKTS:RDEIY) crossed 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

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

Redeia Corporación Price Performance

The stock has a fifty day moving average price of $8.61 and a 200-day moving average price of $8.98.

Redeia Corporación Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Monday, January 6th will be issued a $0.1053 dividend. 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).