Tencent Holding Ltd. (TCEHY) Given Average Recommendation of “Buy” by Analysts
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.
ILLEGAL ACTIVITY NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/06/13/tencent-holding-ltd-tcehy-given-average-recommendation-of-buy-by-analysts.html.
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.
Receive News & Ratings for Tencent Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent Holding Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.