Barclays PLC Analysts Give Tencent Holding Ltd. (TCEHY) a $46.00 Price Target
Tencent Holding Ltd. (OTCMKTS:TCEHY) has been given a $46.00 price target by analysts at Barclays PLC in a research report issued on Thursday. The firm presently has a “buy” rating on the technology company’s stock. Barclays PLC’s price target indicates a potential upside of 8.73% from the stock’s previous close.
A number of other analysts also recently issued reports on TCEHY. Benchmark Co. started coverage on Tencent Holding in a research report on Tuesday, April 18th. They set a “buy” rating for the company. Zacks Investment Research downgraded Tencent Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.50.
Tencent Holding (OTCMKTS:TCEHY) traded down 3.98% during midday trading on Thursday, reaching $40.62. 2,559,963 shares of the company traded hands. The firm has a 50-day moving average price of $37.70 and a 200-day moving average price of $32.08. The firm has a market capitalization of $381.75 billion, a price-to-earnings ratio of 55.87 and a beta of 0.92. Tencent Holding has a one year low of $23.00 and a one year high of $42.35.
Tencent Holding Company Profile
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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