TENCENT HOLDING/ADR (TCEHY) Lowered to “Sell” at ValuEngine

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday, September 11th.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of TENCENT HOLDING/ADR from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 21st. Barclays set a $65.00 price objective on shares of TENCENT HOLDING/ADR and gave the stock a “buy” rating in a report on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. TENCENT HOLDING/ADR currently has an average rating of “Hold” and a consensus price target of $61.50.

Shares of TCEHY traded up $0.31 during mid-day trading on Tuesday, reaching $38.93. 5,033,932 shares of the stock traded hands, compared to its average volume of 4,859,285. TENCENT HOLDING/ADR has a 12-month low of $38.14 and a 12-month high of $61.00. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $388.11 billion, a P/E ratio of 41.41, a P/E/G ratio of 1.06 and a beta of 0.93.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its quarterly earnings results on Wednesday, August 15th. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). TENCENT HOLDING/ADR had a return on equity of 23.92% and a net margin of 28.68%. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $12.21 billion. Equities analysts expect that TENCENT HOLDING/ADR will post 1.21 earnings per share 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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