Benchmark Co. Reiterates “Buy” Rating for Tencent Holding Ltd. (TCEHY)
Benchmark Co. reissued their buy rating on shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) in a research note published on Thursday morning, Marketbeat Ratings reports.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Tencent Holding from a buy rating to a hold rating in a report on Thursday, November 2nd. Wells Fargo & Company started coverage on shares of Tencent Holding in a report on Wednesday, September 27th. They issued an outperform rating for the company. Finally, Barclays PLC upped their price target on shares of Tencent Holding from $46.00 to $49.00 and gave the stock an overweight rating in a report on Friday, August 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $53.00.
Shares of Tencent Holding (TCEHY) opened at $52.30 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.45. The stock has a market cap of $496,793.72, a PE ratio of 63.78, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. Tencent Holding has a twelve month low of $23.00 and a twelve month high of $51.48.
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About Tencent Holding
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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