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.
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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