TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Rating Lowered to Sell at Zacks Investment Research

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

Several other analysts also recently issued reports on the company. Jefferies Financial Group began coverage on TENCENT HOLDING/ADR in a research note on Monday, August 5th. They set a “buy” rating on the stock. Barclays reaffirmed an “overweight” rating and issued a $54.00 price objective (down previously from $59.00) on shares of TENCENT HOLDING/ADR in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $167.33.

TCEHY traded up $0.05 on Wednesday, hitting $40.71. 2,340,107 shares of the company’s stock traded hands, compared to its average volume of 3,435,968. The company’s 50 day simple moving average is $42.32 and its 200-day simple moving average is $44.82. The firm has a market cap of $388.99 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 1.49 and a beta of 1.14. TENCENT HOLDING/ADR has a one year low of $31.54 and a one year high of $51.24. 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 (OTCMKTS:TCEHY) last issued its earnings results on Wednesday, August 14th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 19.12% and a net margin of 26.22%. As a group, equities analysts anticipate that TENCENT HOLDING/ADR will post 1.26 EPS for the current fiscal 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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