TENCENT HOLDING/ADR’s (TCEHY) “Buy” Rating Reiterated at Barclays

TENCENT HOLDING/ADR (OTCMKTS:TCEHY)‘s stock had its “buy” rating reissued by research analysts at Barclays in a research report issued on Tuesday, October 15th, AnalystRatings.com reports. They currently have a $52.00 target price on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 24.43% from the stock’s previous close.

TCEHY has been the topic of several other reports. Jefferies Financial Group assumed coverage on TENCENT HOLDING/ADR in a report on Monday, August 5th. They set a “buy” rating on the stock. Zacks Investment Research cut TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. One 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 stock. The company presently has an average rating of “Buy” and an average price target of $166.67.

OTCMKTS:TCEHY traded down $0.93 during mid-day trading on Tuesday, hitting $41.79. 2,835,346 shares of the company traded hands, compared to its average volume of 3,450,047. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.41. TENCENT HOLDING/ADR has a one year low of $33.40 and a one year high of $51.24. The stock’s fifty day moving average price is $41.47 and its 200-day moving average price is $43.80. The firm has a market cap of $404.95 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 1.68 and a beta of 1.12.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. TENCENT HOLDING/ADR had a return on equity of 19.12% and a net margin of 26.22%. The company had revenue of $13.02 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Equities analysts predict that TENCENT HOLDING/ADR will post 1.26 EPS for the current year.


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

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