Zacks Research Upgrades Tenaga Nasional Berhad (OTCMKTS:TNABY) to Strong-Buy

Tenaga Nasional Berhad (OTCMKTS:TNABY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Tenaga Nasional Berhad Price Performance

Shares of OTCMKTS:TNABY opened at $13.06 on Monday. The firm has a market capitalization of $18.90 billion, a PE ratio of 46.64 and a beta of -0.40. Tenaga Nasional Berhad has a 1 year low of $11.70 and a 1 year high of $15.70. The firm’s 50-day moving average is $13.96 and its two-hundred day moving average is $14.35.

Tenaga Nasional Berhad Company Profile

Tenaga Nasional Berhad (TNB) is Malaysia’s largest electricity utility and a major integrated power company. Through its operations in generation, transmission, distribution and retail, TNB supplies electricity to customers throughout Peninsular Malaysia and also serves Sabah through its subsidiary Sabah Electricity.

The company operates a diversified portfolio of power-generation assets, including facilities powered by natural gas, coal, hydroelectricity and renewable energy. TNB also manages Malaysia’s high-voltage transmission network and electricity-distribution infrastructure, providing related engineering, construction, maintenance and utility services.

Established in 1990 as the successor to Malaysia’s National Electricity Board, TNB has expanded beyond its domestic utility operations through investments and projects in selected international markets.