Citigroup Decides to Downgrade Red Electrica (OTCMKTS:RDEIY) Stock

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Red Electrica (OTCMKTS:RDEIY) Receives a Downgrade

The Rating of Red Electrica (OTCMKTS:RDEIY) shares have been lowered by Citigroup from a “Neutral” rating to a “Sell” rating in a note sent to clients and investors on Thursday morning.

Approximately 830 shares of stock traded hands. RED ELECTRICA CORP UNSP ADR EACH REPR 0.20 ORD (OTCMKTS:RDEIY) has risen 4.48% since May 7, 2015 and is uptrending. It has outperformed by 6.41% the S&P500.

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