TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Releases Earnings Results, Misses Expectations By $0.02 EPS

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) announced its quarterly earnings data on Wednesday. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02), MarketWatch Earnings reports. The company had revenue of $15.02 billion during the quarter, compared to analyst estimates of $14.76 billion. TENCENT HOLDING/ADR had a net margin of 24.18% and a return on equity of 19.20%.

TCEHY traded down $2.26 on Thursday, reaching $42.28. The company had a trading volume of 8,460,252 shares, compared to its average volume of 6,443,405. TENCENT HOLDING/ADR has a 1 year low of $40.04 and a 1 year high of $53.75. The stock has a market capitalization of $403.88 billion, a PE ratio of 32.27, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $50.05 and a 200-day moving average price of $45.70.

TCEHY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of TENCENT HOLDING/ADR from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, January 24th. Barclays reissued a “buy” rating and issued a $55.00 target price on shares of TENCENT HOLDING/ADR in a report on Monday. Finally, Macquarie began coverage on TENCENT HOLDING/ADR in a research note on Wednesday, November 27th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. TENCENT HOLDING/ADR has a consensus rating of “Buy” and a consensus price target of $170.33.

TENCENT HOLDING/ADR Company Profile

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.

See Also: Gap Down Stocks

Earnings History for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Receive News & Ratings for TENCENT HOLDING/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TENCENT HOLDING/ADR and related companies with MarketBeat.com's FREE daily email newsletter.