TENCENT HOLDING/ADR’s (TCEHY) “Mkt Perform” Rating Reaffirmed at Sanford C. Bernstein

TENCENT HOLDING/ADR (OTCMKTS:TCEHY)‘s stock had its “mkt perform” rating reissued by Sanford C. Bernstein in a note issued to investors on Monday.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Barclays set a $46.00 target price on TENCENT HOLDING/ADR and gave the stock a “buy” rating in a research note on Wednesday, November 14th. OTR Global cut TENCENT HOLDING/ADR to a “positive” rating in a research note on Thursday, November 8th. Mizuho restated a “neutral” rating on shares of TENCENT HOLDING/ADR in a research note on Thursday, December 13th. Finally, Zacks Investment Research upgraded TENCENT HOLDING/ADR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. TENCENT HOLDING/ADR presently has a consensus rating of “Hold” and a consensus price target of $57.00.

OTCMKTS TCEHY traded down $0.48 on Monday, hitting $41.63. 903,067 shares of the company’s stock were exchanged, compared to its average volume of 4,071,350. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.02 and a quick ratio of 1.01. TENCENT HOLDING/ADR has a 52 week low of $31.54 and a 52 week high of $61.00. The stock has a market capitalization of $402.27 billion, a PE ratio of 44.28, a PEG ratio of 1.08 and a beta of 0.99.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its earnings results on Wednesday, November 14th. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. TENCENT HOLDING/ADR had a return on equity of 21.80% and a net margin of 28.98%. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.66 billion. As a group, sell-side analysts expect that TENCENT HOLDING/ADR will post 1.03 earnings per share 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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