Erste Group Bank Decreases Earnings Estimates for Tencent

Tencent Holding Ltd. (OTCMKTS:TCEHY) – Stock analysts at Erste Group Bank dropped their FY2026 earnings per share (EPS) estimates for Tencent in a research report issued to clients and investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the technology company will earn $4.01 per share for the year, down from their prior forecast of $4.09. The consensus estimate for Tencent’s current full-year earnings is $4.00 per share. Erste Group Bank also issued estimates for Tencent’s FY2027 earnings at $4.20 EPS.

Separately, Zacks Research lowered shares of Tencent from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Tencent has a consensus rating of “Hold” and an average target price of $106.00.

Tencent Stock Performance

OTCMKTS:TCEHY opened at $55.20 on Monday. The stock has a market cap of $502.49 billion, a P/E ratio of 15.12 and a beta of 0.26. The firm’s fifty day simple moving average is $58.03 and its 200 day simple moving average is $60.00. Tencent has a twelve month low of $52.84 and a twelve month high of $87.68. The company has a quick ratio of 1.42, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tencent stock. Raiffeisen Bank International AG bought a new stake in Tencent Holding Ltd. (OTCMKTS:TCEHY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 259,080 shares of the technology company’s stock, valued at approximately $13,897,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Tencent

Tencent Holdings Limited is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. The company develops and operates digital platforms, online services and technology products for consumers, businesses and public-sector organizations.

Tencent’s consumer businesses include WeChat, a social communications and digital services platform, and QQ, an instant-messaging and online community service. The company also develops and publishes video games through its domestic and international operations, and provides digital content such as music, video, literature and other entertainment services.

Through its fintech and business services operations, Tencent offers payment services, wealth-management products, cloud computing, cybersecurity, advertising technology and other enterprise solutions.