Tencent Holding Ltd. (TCEHY) Receives $49.00 Average PT from Brokerages
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.
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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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