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. “
Several other research analysts also recently weighed in on TCEHY. Barclays restated an “overweight” rating and issued a $54.00 price target (down from $59.00) on shares of TENCENT HOLDING/ADR in a research note on Thursday, August 15th. Jefferies Financial Group began coverage on TENCENT HOLDING/ADR in a research note on Monday, August 5th. They issued a “buy” rating for the company. Investec upgraded TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research note on Friday, May 31st. Finally, Loop Capital began coverage on TENCENT HOLDING/ADR in a research note on Monday, June 3rd. 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 assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $167.33.
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. TENCENT HOLDING/ADR had a return on equity of 19.76% and a net margin of 26.22%. The business had revenue of $13.02 billion during the quarter, compared to the consensus estimate of $13.28 billion. On average, analysts anticipate that TENCENT HOLDING/ADR will post 1.26 earnings per share for the current fiscal year.
About TENCENT HOLDING/ADR
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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