KeyCorp Weighs in on Tencent’s Q1 2018 Earnings (TCEHY)

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.

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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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About Tencent

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.

Earnings History and Estimates for Tencent (OTCMKTS:TCEHY)

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