Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
Tenaga Nasional Berhad Stock Up 1.1%
TNABY stock opened at $14.09 on Wednesday. The firm has a market cap of $20.39 billion, a price-to-earnings ratio of 32.02 and a beta of -0.37. Tenaga Nasional Berhad has a 12-month low of $11.60 and a 12-month high of $15.70. The company’s fifty day simple moving average is $14.79 and its 200 day simple moving average is $14.43.
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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