Tencent Holding Ltd. (OTCMKTS:TCEHY)‘s stock had its “buy” rating reaffirmed by Benchmark Co. in a research report issued on Thursday, MarketBeat.com reports.
TCEHY has been the topic of a number of other reports. Zacks Investment Research lowered shares of Tencent Holding from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Barclays PLC set a $46.00 target price on shares of Tencent Holding and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Wells Fargo & Company started coverage on shares of Tencent Holding in a research note on Wednesday, September 27th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $53.00.
Tencent Holding (OTCMKTS:TCEHY) traded up $1.10 during trading hours on Thursday, reaching $52.30. 4,322,576 shares of the company were exchanged, compared to its average volume of 1,810,000. Tencent Holding has a 1-year low of $23.00 and a 1-year high of $51.48. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45.
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About Tencent Holding
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.
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