Tencent Holding Ltd. (TCEHY) Receives Average Recommendation of “Buy” from Brokerages
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.
ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/22/tencent-holding-ltd-tcehy-receives-average-recommendation-of-buy-from-brokerages.html.
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.
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.