TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Receives Average Rating of “Buy” from Brokerages

Share on StockTwits

Shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) have been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $227.00.

TCEHY has been the subject of several research reports. Barclays restated an “overweight” rating and issued a $54.00 price objective (down previously from $59.00) on shares of TENCENT HOLDING/ADR in a research report on Thursday, August 15th. Jefferies Financial Group initiated coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, August 5th. They issued a “buy” rating for the company. Investec upgraded shares of TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research report on Friday, May 31st. Loop Capital initiated coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Finally, Zacks Investment Research cut shares of TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research report on Saturday.

TCEHY traded up $0.11 during midday trading on Tuesday, hitting $41.37. The company had a trading volume of 1,891,200 shares, compared to its average volume of 4,293,202. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $393.43 billion, a PE ratio of 40.56, a P/E/G ratio of 1.49 and a beta of 1.11. TENCENT HOLDING/ADR has a twelve month low of $31.54 and a twelve month high of $51.24. The firm’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $45.23.

TENCENT HOLDING/ADR Company Profile

Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.

Featured Article: Short Selling

Analyst Recommendations for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Receive News & Ratings for TENCENT HOLDING/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TENCENT HOLDING/ADR and related companies with MarketBeat.com's FREE daily email newsletter.