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 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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