Tenaga Nasional Berhad (OTCMKTS:TNABY) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Tenaga Nasional Berhad (OTCMKTS:TNABY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

Tenaga Nasional Berhad Stock Performance

TNABY opened at $13.06 on Monday. Tenaga Nasional Berhad has a fifty-two week low of $11.70 and a fifty-two week high of $15.70. The firm has a 50-day moving average of $13.96 and a 200 day moving average of $14.35. The firm has a market cap of $18.90 billion, a P/E ratio of 46.64 and a beta of -0.40.

Tenaga Nasional Berhad Company Profile

Tenaga Nasional Berhad (TNB) is Malaysia’s largest electricity utility and a major integrated power company. Through its operations in generation, transmission, distribution and retail, TNB supplies electricity to customers throughout Peninsular Malaysia and also serves Sabah through its subsidiary Sabah Electricity.

The company operates a diversified portfolio of power-generation assets, including facilities powered by natural gas, coal, hydroelectricity and renewable energy. TNB also manages Malaysia’s high-voltage transmission network and electricity-distribution infrastructure, providing related engineering, construction, maintenance and utility services.

Established in 1990 as the successor to Malaysia’s National Electricity Board, TNB has expanded beyond its domestic utility operations through investments and projects in selected international markets.