Tenaga Nasional Berhad (OTCMKTS:TNABY) Shares Gap Up – Still a Buy?

Tenaga Nasional Berhad (OTCMKTS:TNABY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $12.92, but opened at $13.50. Tenaga Nasional Berhad shares last traded at $13.50, with a volume of 489 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Tenaga Nasional Berhad to a “hold” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Tenaga Nasional Berhad has an average rating of “Hold”.

Tenaga Nasional Berhad Stock Up 4.5%

The stock has a fifty day simple moving average of $14.26 and a 200-day simple moving average of $14.48. The company has a market capitalization of $19.53 billion, a P/E ratio of 48.21 and a beta of -0.37.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad (OTCMKTS:TNABY) is Malaysia’s largest integrated electricity utility and a government-linked company. Through its subsidiaries and operating businesses, the company generates, transmits, distributes and retails electricity, primarily serving customers in Peninsular Malaysia, with additional activities connected to Sabah and Labuan.

The company operates a diversified power-generation portfolio that includes conventional and renewable energy assets. Its transmission and distribution networks deliver electricity to residential, commercial and industrial customers, while its retail and energy-services activities support customer solutions, energy efficiency and related utility needs.

Tenaga Nasional has also expanded beyond its domestic utility base through investments in renewable energy, power generation and engineering-related businesses in selected international markets.