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 HOLDING/ADR Company Profile

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.

Further Reading: Closed-End Mutual Funds

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

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