Tencent (TCEHY) PT Raised to $64.00

Tencent (OTCMKTS:TCEHY) had its price objective upped by stock analysts at Barclays from $59.00 to $64.00 in a note issued to investors on Monday. The firm presently has an “overweight” rating on the technology company’s stock. Barclays’ price target would indicate a potential upside of 9.10% from the company’s previous close.

A number of other equities analysts have also commented on TCEHY. Benchmark reissued a “buy” rating on shares of Tencent in a research note on Thursday, November 16th. Zacks Investment Research raised Tencent from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Saturday, November 18th.

Shares of Tencent (OTCMKTS:TCEHY) traded up $0.49 during trading on Monday, reaching $58.66. The company had a trading volume of 2,627,233 shares, compared to its average volume of 3,990,000. Tencent has a 52 week low of $27.25 and a 52 week high of $61.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.27.

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About Tencent

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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