Analysts Set TENCENT HOLDING/ADR (OTCMKTS:TCEHY) PT at $225.50

Shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) have been assigned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $226.00.

A number of brokerages have commented on TCEHY. Macquarie initiated coverage on shares of TENCENT HOLDING/ADR in a research report on Wednesday, November 27th. They set an “outperform” rating on the stock. BNP Paribas began coverage on TENCENT HOLDING/ADR in a research note on Thursday, October 31st. They issued an “outperform” rating on the stock. Jefferies Financial Group initiated coverage on TENCENT HOLDING/ADR in a research note on Monday, August 5th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded TENCENT HOLDING/ADR from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, ValuEngine cut TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th.

OTCMKTS TCEHY traded down $0.25 during mid-day trading on Thursday, reaching $41.90. 3,318,817 shares of the stock were exchanged, compared to its average volume of 2,971,167. The stock has a market cap of $400.36 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 1.20. TENCENT HOLDING/ADR has a one year low of $37.37 and a one year high of $51.24. The stock has a 50 day simple moving average of $41.69 and a 200-day simple moving average of $43.02.

About TENCENT HOLDING/ADR

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.

Read More: Equal Weight Rating

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

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