Tencent Holding Ltd. (TCEHY) Stock Rating Lowered by Zacks Investment Research
Tencent Holding Ltd. (OTCMKTS:TCEHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
According to Zacks, “Tencent Holdings Limited is an Internet service portal. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent’s leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It has brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, the People’s Republic of China. “
Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Tencent Holding in a research report on Thursday, September 1st.
Tencent Holding (OTCMKTS:TCEHY) opened at 25.225 on Friday. The firm has a market capitalization of $236.33 billion, a PE ratio of 46.974 and a beta of 1.24. Tencent Holding has a 52 week low of $16.76 and a 52 week high of $28.24. The firm has a 50-day moving average of $26.78 and a 200 day moving average of $24.51.
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