Trasmissione Elettricita Rete Nazionale is a grid operator for energy transmission. Co. manages electricity transmission in Italy. Co. owns the concession relating to electricity dispatching and transmission, and maintains ownership of the capital assets and responsibility for defining the NTG Development Plan and the Defence Plan.
  • TickerTRN
  • ISINIT0003242622
  • SectorElectricity
  • CountryItaly

Analysts

1 director bought

A director at Terna bought 18,000 shares at 5.450EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

Emanuele Oggioni

TERNA - Q1 2019 results very much in line with our estimates

Emanuele Oggioni

TERNA - Q1 2019 results very much in line with our estimates

TERNA RETE ELETTRICA NAZ sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of TERNA RETE ELETTRICA NAZ (IT), a company active in the Conventional Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date May 10, 2019, the closing price was EUR 5.53 and its potential was estimated at EUR 5.94.

Expert Corporate Governance Service (ECGS)

Terna - AGM 08 May 2019

In item 3.A, it is proposed to ratify the appointment of Mr. Paolo Calcagni as non-executive Director. Mr. Calcagni is the CFO of the largest shareholder Cassa Depositi e Prestiti SpA (29.9% of Terna). The independent representation on the Board is sufficient (56%) and the largest shareholder is not overrepresented (22% of Directors). Also taking into account Mr. Calcagni's professional background and aggregate time commitments, we recommend that shareholders approve his appointment. In item 3.B, a group of institutional investors propose to appoint Mr. Marco Giorgino as non-executive Directo...

Moody's announces completion of a periodic review of ratings of Terna - Rete Elettrica Nazionale S.p.A.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Terna- Rete Elettrica Nazionale S.p.A. Global Credit Research- 03 Apr 2019. Paris, April 03, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Terna- Rete Elettrica Nazionale S.p.A. and other ratings that are associated with the same analytical unit.

Terna - Rete Elettrica Nazionale S.p.A.: Update following rating downgrade

Our credit view of Terna, reflecting a supportive regulatory framework and its solid financial profile, despite some increase in leverage by the end of the plan.

Terna - Rete Elettrica Nazionale S.p.A.: Update following initiation of review for downgrade

Our credit view of Terna, underpinned by a supportive regulatory framework and its solid financial profile, despite some increase in leverage by the end of the plan.

Terna - Rete Elettrica Nazionale S.p.A.: Update to credit analysis following new strategic plan (2018-22)

Our credit view of Terna, underpinned by a supportive regulatory framework and its solid financial profile, despite some increase in leverage by the end of the plan.

Terna - Rete Elettrica Nazionale S.p.A.: 2018-22 plan will drive an increase in leverage, but overall credit profile remains solid

The updated strategy confirms Terna's commitment towards its core business. However, the sizeable capital programme will drive higher leverage and reduce financial flexibility by 2022.

Emanuele Oggioni

TERNA - Q1 2019 results very much in line with our estimates

Emanuele Oggioni

TERNA - Q1 2019 results very much in line with our estimates

Electricity transmission system operator, up or down?

​Terna Group is a group of energy companies based in Rome, Italy. Terna Rete Italia an Italian electricity transmission system operator whereas Terna Plus is in charge of new business opportunities and non-traditional activities in Italy and abroad. With 63,500 kilometres of power lines or around 98% of the Italian high-voltage power transmission grid, Terna is the first independent electricity transmission grid operator in Europe. We divide our report in 3 sectors:- Ratio summary- Peer group confrontation- Next 90/180 days share price movement forecasting using our proprietary “Evidence Based...

1 director bought

A director at Terna bought 18,000 shares at 5.450EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

TERNA RETE ELETTRICA NAZ sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of TERNA RETE ELETTRICA NAZ (IT), a company active in the Conventional Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date May 10, 2019, the closing price was EUR 5.53 and its potential was estimated at EUR 5.94.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Terna - AGM 08 May 2019

In item 3.A, it is proposed to ratify the appointment of Mr. Paolo Calcagni as non-executive Director. Mr. Calcagni is the CFO of the largest shareholder Cassa Depositi e Prestiti SpA (29.9% of Terna). The independent representation on the Board is sufficient (56%) and the largest shareholder is not overrepresented (22% of Directors). Also taking into account Mr. Calcagni's professional background and aggregate time commitments, we recommend that shareholders approve his appointment. In item 3.B, a group of institutional investors propose to appoint Mr. Marco Giorgino as non-executive Directo...

Terna – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Global Equity Strategy

Global equities (MSCI ACWI) are testing 52-week lows as prices have been consolidating over the last 1-2 months. Investors' primary sources of angst continue to revolve around concerns of (1) the global shift toward tighter monetary policy and the potential for perceived policy missteps, (2) trade and tariffs, and (3) the potential negative effects both (1) and (2) may have on global growth. Comments from Fed Chair Powell that interest rates are “just below” the neutral rate and the 90-day tariff ceasefire agreement between the U.S. and China have not been able to calm the markets. In Europe, ...

Jérôme VINERIER

Short term view - TERNA SPA : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €4.386. The bearish trend would be challenged above €4.903.

Jérôme VINERIER

Analyse court terme - TERNA SPA : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4,386 €. La tendance baissière serait remise en cause au-dessus de 4,903 €.

Jérôme VINERIER

Analyse court terme - TERNA SPA : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4,386 €. La tendance baissière serait remise en cause au-dessus de 4,903 €.

Jérôme VINERIER

Short term view - TERNA SPA : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €4.386. The bearish trend would be challenged above €4.903.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch