Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Sets New 1-Year High - Should You Buy?

Key Points

• Terna Rete Elettrica Nazionale shares hit a new 52-week high at $31.63, with a trading volume of 7,983 shares.
• The Royal Bank of Canada upgraded the company's rating from "hold" to "moderate buy," indicating a more favorable outlook from analysts.
• Currently, Terna Rete Elettrica Nazionale has an average analyst rating of "Hold," with mixed ratings from three analysts.

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $31.63 and last traded at $31.63, with a volume of 7983 shares trading hands. The stock had previously closed at $31.53.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of Terna Rete Elettrica Nazionale from a "hold" rating to a "moderate buy" rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Terna Rete Elettrica Nazionale currently has an average rating of "Hold".

Terna Rete Elettrica Nazionale Stock Down 0.3%

The firm's 50-day simple moving average is $30.08 and its 200-day simple moving average is $29.71.

Terna Rete Elettrica Nazionale Company Profile

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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