Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.
Tenaga Nasional Berhad Stock Performance
TNABY opened at $14.09 on Wednesday. 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 company has a fifty day moving average of $14.79 and a 200 day moving average of $14.43. Tenaga Nasional Berhad has a fifty-two week low of $11.60 and a fifty-two week high of $15.70.
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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