Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.
Tenaga Nasional Berhad Stock Up 1.1%
TNABY stock opened at $14.09 on Wednesday. Tenaga Nasional Berhad has a 52 week low of $11.60 and a 52 week high of $15.70. The company has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $14.43. The firm has a market capitalization of $20.39 billion, a P/E ratio of 32.02 and a beta of -0.37.
About Tenaga Nasional Berhad
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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