Tencent (TCEHY) Expected to Post Quarterly Earnings on Wednesday

Tencent (OTCMKTS:TCEHY) will likely be posting its results after the market closes on Wednesday, August 12th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $29.8413 billion for the quarter.

Tencent Trading Up 0.3%

TCEHY stock opened at $62.78 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. Tencent has a 12-month low of $52.84 and a 12-month high of $87.68. The stock has a market cap of $570.83 billion, a price-to-earnings ratio of 17.54 and a beta of 0.27. The business’s 50-day moving average is $57.57 and its 200 day moving average is $63.25.

Analyst Upgrades and Downgrades

Separately, Barclays reissued an “overweight” rating and set a $106.00 target price on shares of Tencent in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tencent presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

About Tencent

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.