Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Trading 0.7% Higher – Still a Buy?

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) rose 0.7% during mid-day trading on Tuesday . The company traded as high as $31.4475 and last traded at $31.42. Approximately 6,314 shares changed hands during trading, a decline of 66% from the average daily volume of 18,497 shares. The stock had previously closed at $31.2140.

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 equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Terna Rete Elettrica Nazionale Stock Up 0.7%

The stock’s 50 day moving average is $30.51 and its two-hundred day moving average is $30.14.

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.