Terna Rete Elettrica Nazionale (OTCMKTS:TEZNY) Hits New 1-Year High Following Dividend Announcement

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY)’s share price reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $32.25 and last traded at $32.05, with a volume of 21935 shares. The stock had previously closed at $31.8975.

The newly announced dividend which will be paid on Thursday, December 11th. Investors of record on Monday, December 1st will be issued a $0.2369 dividend. This represents a yield of 277.0%. The ex-dividend date of this dividend is Friday, November 28th.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Terna Rete Elettrica Nazionale Stock Up 0.5%

The stock has a 50 day moving average of $30.90 and a two-hundred day moving average of $30.30.

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.