TENCENT HOLDING/ADR (TCEHY) Downgraded by ValuEngine

ValuEngine cut shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) from a hold rating to a sell rating in a report released on Sunday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut TENCENT HOLDING/ADR from a hold rating to a strong sell rating in a research note on Tuesday, August 21st. Barclays cut their target price on TENCENT HOLDING/ADR from $59.00 to $55.00 and set an overweight rating on the stock in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $61.50.

TCEHY traded down $0.22 during trading on Friday, reaching $37.63. The stock had a trading volume of 4,985,088 shares, compared to its average volume of 7,210,299. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market cap of $359.70 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. TENCENT HOLDING/ADR has a one year low of $31.54 and a one year high of $61.00.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its earnings results on Wednesday, August 15th. The technology company reported $0.28 EPS 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 company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $12.21 billion. On average, analysts predict that TENCENT HOLDING/ADR will post 1.14 EPS 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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