Shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.00.
TCEHY has been the subject of several recent analyst reports. ValuEngine lowered shares of TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Barclays set a $59.00 price objective on shares of TENCENT HOLDING/ADR and gave the stock a “buy” rating in a report on Saturday, July 28th. Finally, Zacks Investment Research lowered shares of TENCENT HOLDING/ADR from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 21st.
Shares of OTCMKTS TCEHY traded down $1.86 during mid-day trading on Thursday, hitting $36.79. 4,589,920 shares of the stock were exchanged, compared to its average volume of 7,124,012. The firm has a market cap of $355.42 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 1.03 and a beta of 1.12. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. TENCENT HOLDING/ADR has a twelve month low of $31.54 and a twelve month high of $61.00.
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.
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