REN traded at 3.51 this Friday February 6th. Looking back, over the last four weeks, REN lost 4.00 percent. Over the last 12 months, its price rose by 44.44 percent. Looking ahead, we forecast REN to be priced at 3.35 by the end of this quarter and at 3.11 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ren Redes Energeticas Nacionais SGPS SA (REN) is a Portugal-based holding company involved in the energy sector. The Company’s activities are divided into three business segments. The Electricity segment is primarily engaged in the transmission of high-voltage electricity and overall technical management of the National Electricity System. The Gas segment transports natural gas at high-pressure and underground storage natural gas, as well as offers technical management of the National Natural Gas System. The Telecommunication segment, which operates through Rentelecom, includes a range of services, such as infrastructure, managed services, consultancy, operation of telecommunication infrastructure and rental of fiber optic cables.