Tencent Holding Ltd. (OTCMKTS:TCEHY) Given Consensus Rating of “Buy” by Analysts
Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.00.
Several analysts recently issued reports on TCEHY shares. Benchmark Co. started coverage on shares of Tencent Holding in a research report on Tuesday, April 18th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Tencent Holding from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Barclays PLC set a $37.00 price target on shares of Tencent Holding and gave the company a “buy” rating in a research report on Saturday, May 13th.
Shares of Tencent Holding (OTCMKTS:TCEHY) traded up 0.91% during mid-day trading on Friday, hitting $39.78. 551,205 shares of the stock were exchanged. The stock has a market capitalization of $373.85 billion, a P/E ratio of 55.10 and a beta of 0.92. The stock’s 50 day moving average price is $36.77 and its 200-day moving average price is $31.51. Tencent Holding has a 12-month low of $23.00 and a 12-month high of $40.49.
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About Tencent Holding
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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