Tencent (OTCMKTS:TCEHY) – Stock analysts at KeyCorp increased their Q1 2018 EPS estimates for Tencent in a research report issued on Thursday, April 19th. KeyCorp analyst H. Chung now anticipates that the technology company will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.30. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Tencent’s Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.81 EPS.
A number of other analysts also recently weighed in on TCEHY. Barclays cut their price target on shares of Tencent from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Tencent from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Finally, ValuEngine upgraded shares of Tencent from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Tencent has a consensus rating of “Buy” and an average target price of $65.50.
Shares of OTCMKTS:TCEHY opened at $50.51 on Monday. The company has a market capitalization of $480,006.28, a P/E ratio of 53.73, a PEG ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.27 and a current ratio of 1.27. Tencent has a fifty-two week low of $30.40 and a fifty-two week high of $61.00.
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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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