TENCENT HOLDING/ADR (TCEHY) Given a $46.00 Price Target by Barclays Analysts
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) has been assigned a $46.00 target price by research analysts at Barclays in a report issued on Wednesday. The firm currently has a “buy” rating on the technology company’s stock. Barclays’ target price suggests a potential upside of 22.24% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. OTR Global cut TENCENT HOLDING/ADR to a “positive” rating in a research note on Thursday, November 8th. ValuEngine cut TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research cut TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.
TENCENT HOLDING/ADR stock opened at $37.63 on Wednesday. The firm has a market capitalization of $320.54 billion, a PE ratio of 40.03, a PEG ratio of 0.93 and a beta of 1.12. 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 current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.
TENCENT HOLDING/ADR Company Profile
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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