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 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.
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