What Can Investors Expect From Red Electrica (OTCMKTS:RDEIY) Shares After Jefferies’s New Coverage?

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How Jefferies Currently Rates Red Electrica (OTCMKTS:RDEIY)

Expert analysts at Jefferies have started coverage on Red Electrica (OTCMKTS:RDEIY) with “Buy” rating. This was revealed to investors in a comprehensive report on Monday morning.

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 616 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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