Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
Tenaga Nasional Berhad Stock Performance
Shares of TNABY opened at $12.79 on Tuesday. The company’s fifty day moving average is $13.00 and its two-hundred day moving average is $14.14. Tenaga Nasional Berhad has a fifty-two week low of $11.70 and a fifty-two week high of $15.70.
About Tenaga Nasional Berhad
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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