Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) have been assigned an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.00.
A number of research firms have recently weighed in on TCEHY. Barclays PLC set a $37.00 price target on Tencent Holding and gave the stock a “buy” rating in a report on Saturday, May 13th. Zacks Investment Research upgraded Tencent Holding from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Finally, Benchmark Co. began coverage on Tencent Holding in a report on Tuesday, April 18th. They set a “buy” rating for the company.
Tencent Holding (TCEHY) traded up 0.439% during midday trading on Friday, hitting $42.305. 1,576,279 shares of the stock traded hands. The company’s 50 day moving average price is $37.17 and its 200 day moving average price is $31.68. The firm has a market cap of $397.58 billion, a PE ratio of 58.191 and a beta of 0.92. Tencent Holding has a 12 month low of $23.00 and a 12 month high of $42.35.
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About Tencent Holding
Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.
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