TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Lifted to “Hold” at Zacks Investment Research

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “Tencent Holdings Limited is an Internet service portal. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent’s leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It has brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, the People’s Republic of China. “

A number of other research firms also recently commented on TCEHY. ValuEngine downgraded TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. BNP Paribas initiated coverage on TENCENT HOLDING/ADR in a research note on Thursday, October 31st. They issued an “outperform” rating for the company. Barclays reiterated a “buy” rating and issued a $52.00 target price on shares of TENCENT HOLDING/ADR in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on TENCENT HOLDING/ADR in a research note on Monday, August 5th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. TENCENT HOLDING/ADR has a consensus rating of “Buy” and an average price target of $166.33.

Shares of OTCMKTS:TCEHY traded up $0.08 on Friday, hitting $40.96. The company had a trading volume of 2,863,781 shares, compared to its average volume of 3,550,856. The business has a 50 day moving average of $41.34 and a 200 day moving average of $43.56. The company has a market cap of $390.62 billion, a PE ratio of 40.16, a PEG ratio of 1.62 and a beta of 1.12. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.41. TENCENT HOLDING/ADR has a 52-week low of $34.30 and a 52-week high of $51.24.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $13.02 billion for the quarter, compared to the consensus estimate of $13.28 billion. TENCENT HOLDING/ADR had a return on equity of 19.59% and a net margin of 24.18%. As a group, equities analysts predict that TENCENT HOLDING/ADR will post 1.25 EPS for the current 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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