Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) have been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.00.

TCEHY has been the topic of a number of recent research reports. Barclays PLC set a $46.00 price objective on shares of Tencent Holding and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Tencent Holding from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company initiated coverage on shares of Tencent Holding in a research note on Wednesday, September 27th. They issued an “outperform” rating for the company.

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Tencent Holding (OTCMKTS:TCEHY) opened at 44.92 on Friday. The company has a market capitalization of $422.49 billion, a price-to-earnings ratio of 51.81 and a beta of 0.89. Tencent Holding has a 12-month low of $23.00 and a 12-month high of $45.80. The stock has a 50 day moving average price of $43.88 and a 200 day moving average price of $37.82.

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.

Analyst Recommendations for Tencent Holding (OTCMKTS:TCEHY)

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