▼ -100.00% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Red Eléctrica Corporación in the last 3 months. The average price target is $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00. The average price target represents a -100.00% upside from the last price of $8.20.
The current consensus among 8 contributing investment analysts is to hold stock in Red Eléctrica Corporación. This rating has held steady since June 2020, when it changed from a Buy consensus rating.
Red ElÃ©ctrica CorporaciÃ³n, S.A. transmits electricity and operates and manages transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,372 kilometers; and has 93,735 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; telecommunications infrastructure services to telecommunications operators comprising leasing of dark fiber; and line and sub-station maintenance services. In addition, it constructs energy storage facilities in non-mainland and isolated systems; operates satellite communications system and offers space segment services for the geostationary orbital slots; sells and leases satellites and spatial capacity; and offers technical consultancy and satellite telecommunications services. The company was founded in 1985 and is headquartered in Alcobendas, Spain.