Tencent Holding Ltd. (TCEHY) Given Consensus Rating of “Buy” by Analysts

Tencent Holding Ltd. (OTCMKTS:TCEHY) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.00.

A number of analysts recently commented on the stock. Barclays PLC set a $37.00 target price on shares of Tencent Holding and gave the stock a “buy” rating in a research note on Saturday, May 13th. Benchmark Co. assumed coverage on shares of Tencent Holding in a research note on Tuesday, April 18th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded shares of Tencent Holding from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th.

Shares of Tencent Holding (OTCMKTS TCEHY) traded up 0.967% on Monday, hitting $34.995. 552,829 shares of the stock traded hands. Tencent Holding has a 52-week low of $22.78 and a 52-week high of $37.07. The stock’s 50 day moving average price is $35.14 and its 200 day moving average price is $29.38. The stock has a market cap of $328.88 billion, a P/E ratio of 48.672 and a beta of 0.90.

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Tencent Holding Company Profile

Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.

Analyst Recommendations for Tencent Holding (OTCMKTS:TCEHY)

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