TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Research analysts at Oppenheimer decreased their Q1 2020 earnings estimates for TENCENT HOLDING/ADR in a research note issued on Sunday, March 22nd. Oppenheimer analyst J. Helfstein now forecasts that the technology company will earn $0.31 per share for the quarter, down from their previous forecast of $0.37. Oppenheimer also issued estimates for TENCENT HOLDING/ADR’s Q2 2020 earnings at $0.33 EPS.
Several other brokerages have also issued reports on TCEHY. Barclays reissued a “buy” rating and issued a $55.00 price target on shares of TENCENT HOLDING/ADR in a report on Monday, March 16th. Zacks Investment Research lowered shares of TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. TENCENT HOLDING/ADR currently has an average rating of “Buy” and an average target price of $55.50.
TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $15.02 billion during the quarter, compared to the consensus estimate of $14.76 billion. TENCENT HOLDING/ADR had a net margin of 24.82% and a return on equity of 19.66%.
TENCENT HOLDING/ADR Company Profile
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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