TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Receives $167.33 Average Target Price from Analysts

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $167.33.

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of TENCENT HOLDING/ADR from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and set a $400.00 price objective (up previously from $360.00) on shares of TENCENT HOLDING/ADR in a research note on Friday, March 22nd. ValuEngine cut shares of TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Zacks Investment Research cut shares of TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, Investec raised shares of TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research note on Friday, May 31st.

Shares of TENCENT HOLDING/ADR stock opened at $42.81 on Thursday. The company has a market capitalization of $406.83 billion, a P/E ratio of 41.97, a P/E/G ratio of 1.42 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.39. TENCENT HOLDING/ADR has a 52 week low of $31.54 and a 52 week high of $53.67.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). TENCENT HOLDING/ADR had a return on equity of 19.95% and a net margin of 25.49%. The business had revenue of $12.66 billion during the quarter, compared to analyst estimates of $13.19 billion. Analysts expect that TENCENT HOLDING/ADR will post 1.28 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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