Tenaga Nasional Bhd (OTCMKTS:TNABY) Downgraded by ValuEngine

ValuEngine cut shares of Tenaga Nasional Bhd (OTCMKTS:TNABY) from a buy rating to a hold rating in a research note issued to investors on Friday morning, ValuEngine reports.

OTCMKTS TNABY opened at $13.00 on Friday. Tenaga Nasional Bhd has a 12 month low of $10.81 and a 12 month high of $15.88. The stock’s fifty day moving average price is $12.88 and its 200-day moving average price is $12.60.

The business also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, September 27th were paid a $0.254 dividend. This is a boost from Tenaga Nasional Bhd’s previous Semi-Annual dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 26th.

About Tenaga Nasional Bhd

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally. The company operates and maintains thermal generation facilities and hydroelectric power generating schemes, as well as supports six independent power producers; and manages and operates the National Grid that is connected to Thailand's transmission system in the north, as well as Singapore's transmission system at Senoko in the south.

Further Reading: Cost of Equity For A Business, Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

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