Zacks Research upgraded shares of Tenaga Nasional Berhad (OTCMKTS:TNABY – Free Report) to a hold rating in a research report released on Wednesday,Zacks.com reports.
Tenaga Nasional Berhad Trading Up 1.1%
OTCMKTS:TNABY opened at $14.09 on Wednesday. Tenaga Nasional Berhad has a 12 month low of $11.60 and a 12 month high of $15.70. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 32.02 and a beta of -0.37. The firm has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $14.43.
Tenaga Nasional Berhad Company Profile
Tenaga Nasional Berhad (OTCMKTS: TNABY) is Malaysia’s largest integrated electricity utility, principally engaged in the generation, transmission, distribution and retail of electricity. The company operates a broad portfolio of power plants and manages the national grid infrastructure that delivers electricity to residential, commercial and industrial customers. Its operations encompass system planning, network operation and maintenance, meter services and customer supply functions typical of a vertically integrated utility.
TNB’s generation assets include thermal and hydroelectric facilities and the company has been expanding its participation in renewable energy and grid modernization initiatives.
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