Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.00.

Several research firms recently commented on TCEHY. Zacks Investment Research upgraded Tencent Holding from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Barclays PLC set a $37.00 target price on Tencent Holding and gave the company a “buy” rating in a research report on Saturday, May 13th. Finally, Benchmark Co. initiated coverage on Tencent Holding in a research report on Tuesday, April 18th. They set a “buy” rating for the company.

Tencent Holding (OTCMKTS TCEHY) traded up 1.578% during midday trading on Tuesday, hitting $35.075. The stock had a trading volume of 257,190 shares. Tencent Holding has a 1-year low of $21.30 and a 1-year high of $36.09. The company has a market capitalization of $329.63 billion, a PE ratio of 49.263 and a beta of 0.91. The stock’s 50-day moving average is $33.56 and its 200-day moving average is $28.38.

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Tencent Holding Company Profile

Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.

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