Oppenheimer Analysts Decrease Earnings Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Equities research analysts at Oppenheimer dropped their Q2 2019 earnings estimates for shares of TENCENT HOLDING/ADR in a report issued on Tuesday, July 16th. Oppenheimer analyst J. Helfstein now forecasts that the technology company will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.32. Oppenheimer also issued estimates for TENCENT HOLDING/ADR’s FY2019 earnings at $1.30 EPS.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its quarterly earnings data on Wednesday, May 15th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). TENCENT HOLDING/ADR had a net margin of 25.49% and a return on equity of 19.24%. The company had revenue of $12.66 billion during the quarter, compared to analyst estimates of $13.19 billion.

Other analysts have also issued reports about the stock. Investec upgraded shares of TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research report on Friday, May 31st. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday, July 13th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Loop Capital began coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $167.33.

OTCMKTS TCEHY opened at $45.73 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.36. TENCENT HOLDING/ADR has a 1 year low of $31.54 and a 1 year high of $51.24. The firm has a market capitalization of $432.87 billion, a P/E ratio of 44.83, a PEG ratio of 1.51 and a beta of 1.09. The company has a fifty day moving average of $44.33.

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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Earnings History and Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

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