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 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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