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 HOLDING/ADR Company Profile

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.

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

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