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.
COPYRIGHT VIOLATION NOTICE: “Tencent (TCEHY) PT Raised to $64.00” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/03/12/tencent-tcehy-pt-raised-to-64-00.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent and related companies with MarketBeat.com's FREE daily email newsletter.