Barclays Lowers Terna – Rete Elettrica Nazionale Società per Azioni (OTCMKTS:TEZNY) Price Target to €6.60

Terna – Rete Elettrica Nazionale Società per Azioni (OTCMKTS:TEZNYGet Rating) had its target price cut by equities researchers at Barclays from €7.00 ($7.37) to €6.60 ($6.95) in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock.

Several other research firms have also commented on TEZNY. JPMorgan Chase & Co. raised their price objective on Terna – Rete Elettrica Nazionale Società per Azioni from €6.62 ($6.97) to €7.55 ($7.95) in a research report on Thursday, June 2nd. UBS Group raised their price objective on Terna – Rete Elettrica Nazionale Società per Azioni from €7.80 ($8.21) to €9.00 ($9.47) and gave the company a “buy” rating in a research report on Monday, May 9th. Credit Suisse Group raised their price objective on Terna – Rete Elettrica Nazionale Società per Azioni from €6.50 ($6.84) to €6.60 ($6.95) and gave the company an “underperform” rating in a research report on Friday, March 25th. Societe Generale lowered Terna – Rete Elettrica Nazionale Società per Azioni from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada raised their price objective on Terna – Rete Elettrica Nazionale Società per Azioni from €6.20 ($6.53) to €6.80 ($7.16) in a research report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Terna – Rete Elettrica Nazionale Società per Azioni has a consensus rating of “Hold” and a consensus price target of $7.31.

OTCMKTS:TEZNY traded up $0.07 during mid-day trading on Thursday, hitting $22.28. The company had a trading volume of 33,743 shares, compared to its average volume of 19,186. The business has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $24.07. Terna – Rete Elettrica Nazionale Società per Azioni has a 1 year low of $21.13 and a 1 year high of $27.17.

Terna – Rete Elettrica Nazionale Società per Azioni Company Profile (Get Rating)

Terna – Rete Elettrica Nazionale Società per Azioni, together with its subsidiaries, engages in the electricity transmission and dispatching activities in Italy, Euro-area countries, and internationally. The company operates through Regulated, Non-Regulated, and International segments. It is involved in the planning, development, management, operation, and maintenance of national transmission grid, electricity infrastructures, and high-voltage infrastructures.

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