Red Electrica (OTCMKTS:RDEIY) Receives Coverage From Jefferies. What Is The Stock’s Upside?

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How Jefferies Currently Rates Red Electrica (OTCMKTS:RDEIY)

Analysts at Jefferies began issuing coverage for shares of Red Electrica (OTCMKTS:RDEIY) in an analyst note released on Monday morning. The investment house set a Buy rating on the $11.45B market cap firm.

From a total of 2 analysts covering Red Electrica (OTCMKTS:RDEIY) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 0 a ”Hold”. This means that 0 of the ratings are positive. Red Electrica was the topic of 2 analyst reports since September 21, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on December 10 to “Sell” rating.

Approximately 558 shares of stock traded hands. RED ELECTRICA CORP UNSP ADR EACH REPR 0.20 ORD (OTCMKTS:RDEIY) has risen 0.83% since May 11, 2015 and is uptrending. It has outperformed by 5.25% the S&P500.

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