Tenaga Nasional Berhad (OTCMKTS:TNABY) Stock Price Up 0.7% – Still a Buy?

Tenaga Nasional Berhad (OTCMKTS:TNABY)’s stock price shot up 0.7% on Thursday . The stock traded as high as $15.2420 and last traded at $15.2420. 323 shares changed hands during trading, an increase of 193% from the average session volume of 110 shares. The stock had previously closed at $15.1296.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Tenaga Nasional Berhad to a “hold” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tenaga Nasional Berhad Stock Performance

The company has a market cap of $22.05 billion, a P/E ratio of 54.44 and a beta of -0.35. The business’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.61.

About Tenaga Nasional Berhad

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.