TENCENT HOLDING/ADR (TCEHY) Rating Lowered to Sell at ValuEngine

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on the company. Barclays dropped their price target on TENCENT HOLDING/ADR from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 22nd. Zacks Investment Research lowered TENCENT HOLDING/ADR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. TENCENT HOLDING/ADR currently has an average rating of “Hold” and an average target price of $61.50.

Shares of TCEHY opened at $37.87 on Thursday. TENCENT HOLDING/ADR has a 52-week low of $34.26 and a 52-week high of $61.00. The company has a market capitalization of $388.11 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last announced its earnings results on Wednesday, August 15th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). TENCENT HOLDING/ADR had a net margin of 28.68% and a return on equity of 23.92%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $12.21 billion. Sell-side analysts expect that TENCENT HOLDING/ADR will post 1.21 earnings per share for the current fiscal year.


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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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