Erste Group Bank Brokers Lift Earnings Estimates for Tencent

Tencent Holding Ltd. (OTCMKTS:TCEHY) – Equities research analysts at Erste Group Bank raised their FY2026 EPS estimates for shares of Tencent in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the technology company will post earnings of $4.04 per share for the year, up from their previous estimate of $4.02. The consensus estimate for Tencent’s current full-year earnings is $3.99 per share.

A number of other equities research analysts also recently weighed in on the company. Barclays decreased their target price on Tencent from $106.00 to $88.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Zacks Research raised Tencent from a “strong sell” rating to a “hold” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Tencent Stock Down 0.4%

Shares of TCEHY opened at $49.23 on Tuesday. The company has a 50-day simple moving average of $54.92 and a 200-day simple moving average of $61.65. The firm has a market capitalization of $447.63 billion, a P/E ratio of 13.00 and a beta of 0.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.29 and a current ratio of 1.29. Tencent has a 52 week low of $48.80 and a 52 week high of $86.00.

Institutional Investors Weigh In On Tencent

A hedge fund recently bought a new stake in Tencent stock. Raiffeisen Bank International AG acquired a new stake in Tencent Holding Ltd. (OTCMKTS:TCEHY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 259,080 shares of the technology company’s stock, valued at approximately $13,897,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Tencent

Tencent Holdings Ltd. is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. The company develops and operates digital platforms and services used by consumers, businesses and content creators in China and international markets.

Tencent’s major products include Weixin, known as WeChat internationally, a messaging and social platform that also supports payments, commerce, mini programs and other services, as well as QQ, an instant-messaging and social-media platform.