Redeia Corporacion SA
RED: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.^ | LOCK|<V@ | LOCK|tz%rV%s |
Redeia Earnings: Results in Line With Expectations; 2024 Guidance Confirmed
No-moat Redeia reported third-quarter results in line with expectations and confirmed its 2024 guidance. We maintain our EUR 17.50 fair value estimate and see the shares as slightly undervalued.
