News stories about TENCENT HOLDING/ADR (OTCMKTS:TCEHY) have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. TENCENT HOLDING/ADR earned a coverage optimism score of 0.75 on their scale. InfoTrie also assigned news coverage about the technology company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected TENCENT HOLDING/ADR’s ranking:
TENCENT HOLDING/ADR stock traded down $0.42 during mid-day trading on Tuesday, reaching $37.40. 4,414,649 shares of the stock traded hands, compared to its average volume of 7,210,299. The stock has a market cap of $359.70 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.02. TENCENT HOLDING/ADR has a 12-month low of $31.54 and a 12-month high of $61.00.
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings data on Wednesday, August 15th. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $12.21 billion. TENCENT HOLDING/ADR had a net margin of 28.68% and a return on equity of 22.75%. As a group, sell-side analysts predict that TENCENT HOLDING/ADR will post 1.14 EPS for the current fiscal year.
TCEHY has been the subject of a number of research reports. ValuEngine cut TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Barclays set a $59.00 price objective on TENCENT HOLDING/ADR and gave the company a “buy” rating in a research report on Saturday, July 28th. Finally, Zacks Investment Research cut TENCENT HOLDING/ADR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. TENCENT HOLDING/ADR has a consensus rating of “Hold” and a consensus price target of $61.50.
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About TENCENT HOLDING/ADR
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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