Shares of Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $12.83 and traded as high as $12.93. Tenaga Nasional Berhad shares last traded at $12.93, with a volume of 1,852 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut shares of Tenaga Nasional Berhad from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on TNABY
Tenaga Nasional Berhad Stock Up 2.3%
The business has a 50-day moving average price of $12.83 and a two-hundred day moving average price of $14.11. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 56.22 and a beta of -0.40.
Tenaga Nasional Berhad Company Profile
Tenaga Nasional Berhad (TNB) is Malaysia’s largest electricity utility and a major provider of power-related services. Its core activities include generating electricity and transmitting, distributing and selling power to customers, primarily in Peninsular Malaysia. The company operates power generation facilities and the high-voltage transmission and distribution networks that deliver electricity to homes, businesses and industries. TNB also provides services in areas such as energy solutions, engineering and renewable energy.
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