TENCENT HOLDING/ADR (TCEHY) Downgraded by ValuEngine

ValuEngine lowered shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) from a hold rating to a sell rating in a report published on Monday.

A number of other research firms also recently weighed in on TCEHY. Zacks Investment Research downgraded TENCENT HOLDING/ADR from a buy rating to a hold rating in a research note on Friday, July 20th. Barclays set a $59.00 price target on TENCENT HOLDING/ADR and gave the stock a buy rating in a research note on Saturday, July 28th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $61.50.

TCEHY stock opened at $37.18 on Monday. TENCENT HOLDING/ADR has a fifty-two week low of $31.54 and a fifty-two week high of $61.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $307.43 billion, a P/E ratio of 39.55, a PEG ratio of 0.87 and a beta of 0.92.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings results on Wednesday, August 15th. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). TENCENT HOLDING/ADR had a return on equity of 22.75% and a net margin of 28.68%. The firm had revenue of $11.56 billion for the quarter, compared to analyst estimates of $12.21 billion. On average, equities research analysts forecast that TENCENT HOLDING/ADR will post 1.17 earnings per share for the current year.

TENCENT HOLDING/ADR 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.

Recommended Story: Earnings Reports

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for TENCENT HOLDING/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TENCENT HOLDING/ADR and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply