Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Shares Up 0.1% - Here's Why

Key Points

• Terna Rete Elettrica Nazionale's shares increased by 0.1% during trading, reaching a high of $31.14 with only 7,488 shares traded, significantly lower than its average daily volume.
• The stock received an upgrade from Royal Bank Of Canada from a "hold" rating to a "moderate buy", contributing to a current average rating of "Hold" from analysts.
• Terna S.p.A. specializes in electricity transmission and dispatching services, operating across Italy and other Euro-area countries, involving various segments including regulated and international operations.

Shares of Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) were up 0.1% during trading on Wednesday . The stock traded as high as $31.14 and last traded at $31.14. Approximately 7,488 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 14,549 shares. The stock had previously closed at $31.11.

Analyst Ratings Changes

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

Terna Rete Elettrica Nazionale Stock Up 0.1%

The business's 50 day moving average is $30.00 and its 200-day moving average is $29.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.