Tencent (TCEHY) Research Coverage Started at KeyCorp

Research analysts at KeyCorp started coverage on shares of Tencent (OTCMKTS:TCEHY) in a research note issued on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

TCEHY has been the topic of several other reports. Zacks Investment Research upgraded shares of Tencent from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Wednesday, January 10th. Barclays upped their price objective on shares of Tencent from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, March 12th. Finally, ValuEngine upgraded shares of Tencent from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Tencent presently has a consensus rating of “Buy” and a consensus target price of $65.50.

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OTCMKTS TCEHY opened at $51.26 on Thursday. The stock has a market cap of $487,086.19, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. Tencent has a 52 week low of $28.86 and a 52 week high of $61.00. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45.

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Tencent Company Profile

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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