Critical Press Coverage Somewhat Unlikely to Affect TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Share Price
Media coverage about TENCENT HOLDING/ADR (OTCMKTS:TCEHY) has trended negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. TENCENT HOLDING/ADR earned a daily sentiment score of -2.00 on their scale. InfoTrie also assigned news coverage about the technology company an news buzz score of 4 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected TENCENT HOLDING/ADR’s analysis:
- FY2019 Earnings Estimate for TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Issued By KeyCorp (americanbankingnews.com)
- The Trade Desk Partners Gojek to Expand Global Footprint (finance.yahoo.com)
- KeyCorp Analysts Raise Earnings Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY) (americanbankingnews.com)
- Tencent bids $148 million for online games maker Funcom (finance.yahoo.com)
- Tencent Responds to ByteDance With WeChat Short-Video Trial (finance.yahoo.com)
A number of equities analysts have weighed in on the stock. BNP Paribas initiated coverage on shares of TENCENT HOLDING/ADR in a research note on Thursday, October 31st. They set an “outperform” rating on the stock. ValuEngine cut shares of TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Macquarie initiated coverage on TENCENT HOLDING/ADR in a report on Wednesday, November 27th. They set an “outperform” rating for the company. Zacks Investment Research raised TENCENT HOLDING/ADR from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Barclays reiterated a “buy” rating and issued a $52.00 target price on shares of TENCENT HOLDING/ADR in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $166.67.
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $13.86 billion. TENCENT HOLDING/ADR had a net margin of 24.18% and a return on equity of 19.20%. On average, sell-side analysts anticipate that TENCENT HOLDING/ADR will post 1.23 earnings per share for the current year.
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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