Tencent Holding Ltd. (TCEHY) Given Consensus Recommendation of “Buy” by Brokerages
Tencent Holding Ltd. (OTCMKTS:TCEHY) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $49.00.
A number of analysts have commented on TCEHY shares. Barclays PLC increased their price target on shares of Tencent Holding from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Tencent Holding from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th.
Shares of Tencent Holding (OTCMKTS TCEHY) traded down 0.567% during mid-day trading on Tuesday, reaching $41.185. The company had a trading volume of 1,217,002 shares. The company’s 50-day moving average is $39.61 and its 200 day moving average is $33.36. Tencent Holding has a 52-week low of $23.00 and a 52-week high of $43.90. The stock has a market capitalization of $387.26 billion, a P/E ratio of 48.510 and a beta of 0.92.
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.
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.