Zacks Research cut shares of Tenaga Nasional Berhad (OTCMKTS:TNABY – Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks reports.
Tenaga Nasional Berhad Price Performance
Shares of OTCMKTS:TNABY opened at $12.79 on Tuesday. Tenaga Nasional Berhad has a 12 month low of $11.70 and a 12 month high of $15.70. The company’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $14.14. The firm has a market cap of $18.51 billion, a P/E ratio of 55.63 and a beta of -0.40.
About Tenaga Nasional Berhad
Tenaga Nasional Berhad (TNB) is a Malaysian electricity utility and one of the country’s largest corporate entities. Headquartered in Kuala Lumpur, the company is primarily involved in generating, transmitting, distributing and supplying electricity, serving residential, commercial and industrial customers.
TNB operates a diversified generation portfolio that includes coal, natural gas, hydroelectric power and renewable energy. Through its transmission and distribution networks, the company delivers electricity across Peninsular Malaysia and also has interests connected with electricity supply in Sabah.
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