RED ELECTRICA CORP SA

Red Electrica is engaged in the transmission of electrical energy, the operation of the system and the management of the transmission network in the Spanish electricity system. In addition, through its subsidiaries, Co. is engaged in the acquisition, holding and management of foreign securities, co-ordination of international exchanges, provision of telecommunications services for third parties, provision of consultancy, engineering and construction services outside the Spanish electricity system, securing of funds, carrying out of financial transactions and provision of financial services.
  • TickerREE
  • ISINES0173093024
  • ExchangeMadrid Stock Exchange
  • SectorElectricity
  • CountrySpain
Research Department

IBERIAN DAILY 03 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: MÁSMÓVIL, MELIÁ HOTELS, RED ELÉCTRICA, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A vaccine for Covid-19 and the US job data fuel stock markets The possibility that the Covid-19 vaccine developed in Oxford moves forward ahead of expectations and the surprise in the US job data fuelled stock markets (Euro STOXX 50 +2,8%), however, gains came to a halt at the end of the session due to the performance of the number of Covid-19 cases in the US. Thus, in the Euro STOXX, Banks (with the ECB more prone to mergers) and Automobiles led gains vs. Media and Telecommunications that were the w...

Research Department

INFORME DIARIO 03 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: MELIA HOTELS, MASMOVIL, REE, TELEFÓNICA EUROPA: SANOFI Una vacuna para el Covid-19 y los datos de empleo americano dan un impulso a las bolsas La posibilidad de que la vacuna del Covid-19 desarrollada en Oxford se adelante a lo esperado y la sorpresa en los datos de empleo de EE.UU. impulsaron a las bolsas (Euro STOXX 50 +2,8%), aunque a última hora las ganancias se frenaron debido a la evolución de los contagios en EE.UU. Así en el Euro STOXX dirigieron las ganancias Bancos (con el BCE más proclive a las fusiones) y Autos frente a Media y Telecom...

Research Department

IBERIAN DAILY 12 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BANKING SECTOR, CELLNEX, CHANGES IBEX ENDESA, FCC, MASMOVIL, RED ELÉCTRICA, SACYR. MARKETS YESTERDAY AND TODAY Profit taking after the Fed Sharp falls in European markets >-4% dragged down by the Fed’s dovish stance and fears about a second round of contagion mainly in the US following the recent rallies. In the Euro STOXX, all sectors ended in negative territory, with Consumer Goods and Pharma being the best performers vs. Automobiles and Banks that saw the biggest losses. On the macroeconomic level, in Italy, April’s industrial output fell more than expected to -42.5% YoY. In...

Research Department

INFORME DIARIO 12 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AEDAS, CELLNEX, ENDESA, FCC, MASMOVIL, RED ELÉCTRICA, SACYR, SECTOR BANCOS. EUROPA: INTESA, SAFRAN, UNILEVER. Toma de beneficios de los mercados tras la Fed Caídas pronunciadas en los mercados europeos por encima del -4% lastradas por la visión muy dovish de la Fed y los miedos a una segunda oleada de contagios sobre todo en EE.UU. tras los fuertes rebotes recientes. Dentro del Euro STOXX todos los sectores cerraron con pérdidas, con Bienes de Consumo y Farma mostrando el mejor comportamiento relativo frente a Autos y Bancos que sufrieron las may...

Alfredo del Cerro ...
  • Javier Esteban

UTILITIES SECTOR REPORT: FISHING IN TROUBLED WATERS (ANÁLISIS BANCO SABADELL)

ELE, IBE and ENAG are our top picks. Today we are releasing our annual report on the utilities sector. Following a widespread market correction, the sector’s multiples continue to be demanding with respect to the market in general (13-15x P/E). However, in absolute terms, the stocks have fallen by as much as -25%, meaning that, even being selective, we continue to find long-term bets on the sector. In ELE, despite its good relative performance (+11% vs. IBEX since highs/-23% in absolute terms), we changed our recommendation to BUY, setting a T.P. of € 26.07/sh. (+27% upside/+6% increase). In I...

Jérôme VINERIER

Short term view - RED ELECTRICA DE : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €19.100. Breaking below the support at €17.600 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - RED ELECTRICA DE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 19,100 €. La rupture du support à 17,600 € invaliderait cette tendance.

Jérôme VINERIER

Analyse court terme - RED ELECTRICA DE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 19,100 € et 20,600 €. La tendance serait invalidée sous le support à 17,600 €.

Jérôme VINERIER

Short term view - RED ELECTRICA DE : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €19.100 and €20.600. The trend would be invalidated below the support at €17.600.

Louis AZAIS

Analyse court terme - RED ELECTRICA DE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 18,28 €. La rupture du support à 16,90 € invaliderait cette tendance.

1 director bought

A director at Red Electrica Corporacion Sa bought 3,714 shares at 19.370EUR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The...

Research Department

IBERIAN DAILY 03 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: MÁSMÓVIL, MELIÁ HOTELS, RED ELÉCTRICA, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A vaccine for Covid-19 and the US job data fuel stock markets The possibility that the Covid-19 vaccine developed in Oxford moves forward ahead of expectations and the surprise in the US job data fuelled stock markets (Euro STOXX 50 +2,8%), however, gains came to a halt at the end of the session due to the performance of the number of Covid-19 cases in the US. Thus, in the Euro STOXX, Banks (with the ECB more prone to mergers) and Automobiles led gains vs. Media and Telecommunications that were the w...

Research Department

INFORME DIARIO 03 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: MELIA HOTELS, MASMOVIL, REE, TELEFÓNICA EUROPA: SANOFI Una vacuna para el Covid-19 y los datos de empleo americano dan un impulso a las bolsas La posibilidad de que la vacuna del Covid-19 desarrollada en Oxford se adelante a lo esperado y la sorpresa en los datos de empleo de EE.UU. impulsaron a las bolsas (Euro STOXX 50 +2,8%), aunque a última hora las ganancias se frenaron debido a la evolución de los contagios en EE.UU. Así en el Euro STOXX dirigieron las ganancias Bancos (con el BCE más proclive a las fusiones) y Autos frente a Media y Telecom...

Research Department

IBERIAN DAILY 12 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: BANKING SECTOR, CELLNEX, CHANGES IBEX ENDESA, FCC, MASMOVIL, RED ELÉCTRICA, SACYR. MARKETS YESTERDAY AND TODAY Profit taking after the Fed Sharp falls in European markets >-4% dragged down by the Fed’s dovish stance and fears about a second round of contagion mainly in the US following the recent rallies. In the Euro STOXX, all sectors ended in negative territory, with Consumer Goods and Pharma being the best performers vs. Automobiles and Banks that saw the biggest losses. On the macroeconomic level, in Italy, April’s industrial output fell more than expected to -42.5% YoY. In...

Research Department

INFORME DIARIO 12 JUNIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AEDAS, CELLNEX, ENDESA, FCC, MASMOVIL, RED ELÉCTRICA, SACYR, SECTOR BANCOS. EUROPA: INTESA, SAFRAN, UNILEVER. Toma de beneficios de los mercados tras la Fed Caídas pronunciadas en los mercados europeos por encima del -4% lastradas por la visión muy dovish de la Fed y los miedos a una segunda oleada de contagios sobre todo en EE.UU. tras los fuertes rebotes recientes. Dentro del Euro STOXX todos los sectores cerraron con pérdidas, con Bienes de Consumo y Farma mostrando el mejor comportamiento relativo frente a Autos y Bancos que sufrieron las may...

Alfredo del Cerro ...
  • Javier Esteban

UTILITIES SECTOR REPORT: FISHING IN TROUBLED WATERS (ANÁLISIS BANCO SABADELL)

ELE, IBE and ENAG are our top picks. Today we are releasing our annual report on the utilities sector. Following a widespread market correction, the sector’s multiples continue to be demanding with respect to the market in general (13-15x P/E). However, in absolute terms, the stocks have fallen by as much as -25%, meaning that, even being selective, we continue to find long-term bets on the sector. In ELE, despite its good relative performance (+11% vs. IBEX since highs/-23% in absolute terms), we changed our recommendation to BUY, setting a T.P. of € 26.07/sh. (+27% upside/+6% increase). In I...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/10/2019 - OHL, ZF Friedrichshafen - FR

OHL (Vente) : En difficulté sur un contrat au Qatar ZF Friedrichshafen : Nouvelles émissions prévues pour €2,1mds Banques allemandes : S'opposent contre une possible interdiction d'appliquer un taux négatif Allianz (Achat) : Prévoit d’acquérir environ €1,1md d’actifs résidentiels japonais Opérateurs de Satellites - C band : La vente de licences 5G pourrait rapporter jusqu’à $40 mds NEPI Rockcastle :  Emission de €500m à 7 ans à 1,875% Aryzta (Vente) a cédé une participation de 43% dans Picard (Vente) AB InBev (Achat) : Fitch co...

RED ELECTRICA CORPN.SA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of RED ELECTRICA CORPN.SA (ES), a company active in the Conventional Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 2, 2020, the closing price was EUR 16.59 and its potential was estimated at EUR 17.82.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Red Eléctrica Corporación S.A. – AGM 13 May 2020

The AGM will be exclussively attended telematically. All the information is available to shareholders on the Company's website: In item 3, a total dividend of €1.0519 per share is proposed on FY 2019 results, amounting to €570.7 million, which is not fully covered by free cash flow (€525.9 million). Moreover, in light of recent events regarding COVID-19, ECGS recommends that companies postpone decisions on dividends to avoid liquidity and financial risks, therefore we recommend that shareholders oppose.   In item 6.1, it is proposed to ratify the appointment of Ms. Beatriz Corredor Sierra ...

Expert Corporate Governance Service (ECGS)

Red Electrica, March 21 2019

In item 6.1, the Board proposes to ratify the appointment of the non-executive Chairman  Mr. Jordi Sevilla Segura. Mr. Sevilla Segura does not qualify as independent due to his  relationships with the Spanish Government and political institutions. We appreciate that the Board proposes to appoint an external non-executive Chairman, as it announced at  the time of the separation of the Chair and CEO positions in 2015. Furthermore, we  note that the Board has decided to appoint a Lead Independent Director even if the Chairperson is not executive. Also taking into account Mr. Sevilla Segura's prof...

Red Electrica – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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