Tencent Holdings Ltd (TCEHY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Tencent Holdings Ltd (OTCMKTS:TCEHY) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $58.00.

A number of research firms have recently issued reports on TCEHY. Wells Fargo & Company began coverage on shares of Tencent in a report on Wednesday, September 27th. They issued an “outperform” rating on the stock. Barclays lifted their price objective on shares of Tencent from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Tencent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Benchmark reiterated a “buy” rating on shares of Tencent in a report on Thursday, November 16th.

Shares of Tencent (OTCMKTS:TCEHY) opened at $50.48 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $479,508.97, a P/E ratio of 61.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. Tencent has a fifty-two week low of $23.00 and a fifty-two week high of $56.05.

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About Tencent

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 (OTCMKTS:TCEHY)

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