Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Reaches New 52-Week High - Here's What Happened

Key Points

• Terna Rete Elettrica Nazionale shares reached a new 52-week high of $31.18, starting from a closing price of $30.63.
• The Royal Bank of Canada upgraded Terna from a "hold" to a "moderate buy" rating, contributing to its positive market outlook.
• Currently, Terna has a consensus rating of "Hold" from analysts, with varied ratings including one "Buy," one "Hold," and one "Sell."

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $31.18 and last traded at $31.18, with a volume of 9971 shares changing hands. The stock had previously closed at $30.63.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upgraded Terna Rete Elettrica Nazionale from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Terna Rete Elettrica Nazionale presently has a consensus rating of "Hold".

Terna Rete Elettrica Nazionale Trading Up 1.6%

The company has a 50-day moving average of $29.94 and a 200-day moving average of $29.60.

About Terna Rete Elettrica Nazionale

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems.

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