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.
WARNING: This article was reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.wkrb13.com/markets/2285692/tencent-holding-ltd-tcehy-given-consensus-rating-of-buy-by-analysts.html.
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285692/tencent-holding-ltd-tcehy-given-consensus-rating-of-buy-by-analysts.html
Receive News & Ratings for Tencent Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent Holding Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.