TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Receives $227.00 Average Price Target from Brokerages

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) has earned an average rating of “Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $227.00.

A number of analysts recently weighed in on TCEHY shares. Zacks Investment Research lowered shares of TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays reaffirmed an “overweight” rating and issued a $54.00 price objective (down from $59.00) on shares of TENCENT HOLDING/ADR in a research note on Thursday, August 15th. Finally, Jefferies Financial Group started coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, August 5th. They issued a “buy” rating for the company.

OTCMKTS:TCEHY opened at $41.61 on Wednesday. TENCENT HOLDING/ADR has a 1-year low of $31.54 and a 1-year high of $51.24. The company has a 50-day moving average of $42.23 and a 200 day moving average of $44.75. The firm has a market cap of $387.56 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 1.20.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. TENCENT HOLDING/ADR had a net margin of 26.22% and a return on equity of 19.12%. The company had revenue of $13.02 billion during the quarter, compared to analyst estimates of $13.28 billion. Sell-side analysts anticipate that TENCENT HOLDING/ADR will post 1.26 EPS for the current fiscal year.


Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.

See Also: Why do commodities matter?

Analyst Recommendations for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Receive News & Ratings for TENCENT HOLDING/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TENCENT HOLDING/ADR and related companies with MarketBeat.com's FREE daily email newsletter.