Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) have been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $49.00.

Several equities research analysts have recently commented on TCEHY shares. Barclays PLC upped their target price on Tencent Holding from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Zacks Investment Research raised Tencent Holding from a “sell” rating to a “hold” rating in a report on Thursday, June 8th.

Tencent Holding (OTCMKTS:TCEHY) traded down 0.78% during mid-day trading on Tuesday, reaching $42.00. The company had a trading volume of 1,937,044 shares. Tencent Holding has a 12 month low of $23.00 and a 12 month high of $43.90. The firm has a market capitalization of $395.03 billion, a P/E ratio of 49.53 and a beta of 0.92. The stock’s 50-day moving average is $40.29 and its 200 day moving average is $33.80.

COPYRIGHT VIOLATION WARNING: “Tencent Holding Ltd. (TCEHY) Receives $49.00 Average PT from Brokerages” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at

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.

Analyst Recommendations for Tencent Holding (OTCMKTS:TCEHY)

Receive News & Ratings for Tencent Holding Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent Holding Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.