Tenaga Nasional Berhad (OTCMKTS:TNABY) Stock Rating Lowered by Zacks Research

Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Tenaga Nasional Berhad Price Performance

TNABY stock opened at $12.79 on Tuesday. The company has a fifty day moving average price of $13.00 and a 200 day moving average price of $14.14. Tenaga Nasional Berhad has a 12 month low of $11.70 and a 12 month high of $15.70. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 55.63 and a beta of -0.40.

About Tenaga Nasional Berhad

(Get Free Report)

Tenaga Nasional Berhad (TNB) is a Malaysian electricity utility and one of the country’s largest corporate entities. Headquartered in Kuala Lumpur, the company is primarily involved in generating, transmitting, distributing and supplying electricity, serving residential, commercial and industrial customers.

TNB operates a diversified generation portfolio that includes coal, natural gas, hydroelectric power and renewable energy. Through its transmission and distribution networks, the company delivers electricity across Peninsular Malaysia and also has interests connected with electricity supply in Sabah.

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