Tencent Holding Ltd. (OTCMKTS:TCEHY – Free Report) – Analysts at Erste Group Bank dropped their FY2026 EPS estimates for shares of Tencent in a research report issued on Thursday, June 25th. Erste Group Bank analyst H. Engel now forecasts that the technology company will earn $4.09 per share for the year, down from their prior estimate of $4.13. The consensus estimate for Tencent’s current full-year earnings is $4.13 per share. Erste Group Bank also issued estimates for Tencent’s FY2027 earnings at $4.48 EPS.
A number of other equities analysts have also weighed in on TCEHY. Zacks Research lowered Tencent from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Barclays reissued an “overweight” rating and set a $106.00 price objective on shares of Tencent in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.
Tencent Trading Up 2.9%
Tencent stock opened at $55.22 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.43. Tencent has a fifty-two week low of $52.84 and a fifty-two week high of $87.68. The stock has a market cap of $502.95 billion, a P/E ratio of 15.42 and a beta of 0.26. The firm’s fifty day moving average price is $58.21 and its 200-day moving average price is $66.73.
About Tencent
Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.
At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.
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