Tencent Holdings Limited (OTCMKTS:TCEHY) Receives Average Rating of “Hold” from Analysts

Tencent Holdings Limited (OTCMKTS:TCEHYGet Rating) has received an average recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $222.00.

A number of research analysts have weighed in on TCEHY shares. Mizuho reduced their price target on Tencent from $450.00 to $400.00 in a research note on Monday, May 2nd. Barclays lowered Tencent from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $55.00 to $44.00 in a research note on Monday, May 23rd. JPMorgan Chase & Co. raised Tencent from an “underweight” rating to an “overweight” rating in a research note on Monday, May 16th. The Goldman Sachs Group downgraded Tencent from a “conviction-buy” rating to a “buy” rating in a report on Monday, July 11th. Finally, Investec downgraded Tencent from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th.

Tencent Price Performance

TCEHY stock opened at $38.50 on Friday. Tencent has a 1 year low of $36.57 and a 1 year high of $67.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50 day moving average price is $44.42 and its 200 day moving average price is $48.42. The firm has a market cap of $370.70 billion, a P/E ratio of 11.92 and a beta of 0.28.

Tencent (OTCMKTS:TCEHYGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The technology company reported $0.29 earnings per share for the quarter. Tencent had a return on equity of 9.47% and a net margin of 35.78%. The company had revenue of $21.34 billion for the quarter, compared to analyst estimates of $21.42 billion. On average, sell-side analysts expect that Tencent will post 1.15 earnings per share for the current fiscal year.

Tencent Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 21st. Investors of record on Friday, May 20th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a yield of 3.2%. Tencent’s dividend payout ratio is currently 5.57%.

Tencent Company Profile

(Get Rating)

Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. It offers online games and social network services; FinTech and cloud services, and online advertising services.

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Analyst Recommendations for Tencent (OTCMKTS:TCEHY)

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