Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Stock Price Down 0.2% - What's Next?

Shares of Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) were down 0.2% during trading on Wednesday . The company traded as low as $29.79 and last traded at $30.00. Approximately 18,330 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 11,289 shares. The stock had previously closed at $30.06.

Analysts Set New Price Targets

A number of analysts have recently commented on TEZNY shares. Morgan Stanley reaffirmed an "underweight" rating on shares of Terna Rete Elettrica Nazionale in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Terna Rete Elettrica Nazionale in a research report on Thursday, March 27th.

Terna Rete Elettrica Nazionale Stock Down 0.2%

The firm has a fifty day moving average price of $29.89 and a 200 day moving average price of $26.69.

Terna Rete Elettrica Nazionale Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th will be issued a $0.6325 dividend. This represents a dividend yield of 2.82%. The ex-dividend date is Tuesday, June 24th. This is an increase from Terna Rete Elettrica Nazionale's previous dividend of $0.38.

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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