Tenaga Nasional Bhd (OTCMKTS:TNABY) Downgraded by ValuEngine

Tenaga Nasional Bhd (OTCMKTS:TNABY) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Shares of OTCMKTS TNABY traded up $0.73 during midday trading on Wednesday, hitting $13.15. 782 shares of the company traded hands, compared to its average volume of 1,067. Tenaga Nasional Bhd has a 12-month low of $10.81 and a 12-month high of $13.81. The stock has a 50-day moving average price of $12.85 and a 200 day moving average price of $12.97.

About Tenaga Nasional Bhd

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally. The company operates and maintains thermal generation facilities and hydroelectric power generating schemes, as well as supports six independent power producers; and manages and operates the National Grid that is connected to Thailand's transmission system in the north, as well as Singapore's transmission system at Senoko in the south.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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