Tencent Holding Ltd. (TCEHY) Price Target Raised to $59.00 at Barclays PLC
Tencent Holding Ltd. (OTCMKTS:TCEHY) had its price target lifted by Barclays PLC from $49.00 to $59.00 in a research note published on Monday morning. The firm currently has an overweight rating on the technology company’s stock.
TCEHY has been the subject of a number of other research reports. Zacks Investment Research downgraded Tencent Holding from a buy rating to a hold rating in a research report on Thursday, November 2nd. Wells Fargo & Company started coverage on Tencent Holding in a research report on Wednesday, September 27th. They set an outperform rating for the company. Finally, Benchmark Co. reiterated a buy rating on shares of Tencent Holding in a research report on Thursday, November 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $58.00.
Shares of Tencent Holding (OTCMKTS TCEHY) opened at $54.36 on Monday. Tencent Holding has a 52-week low of $23.00 and a 52-week high of $54.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 1.36.
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Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.
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