ValuEngine Downgrades TENCENT HOLDING/ADR (TCEHY) to Hold

ValuEngine lowered shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) from a buy rating to a hold rating in a research report report published on Monday, February 4th.

Several other equities research analysts have also commented on TCEHY. Investec restated a hold rating on shares of TENCENT HOLDING/ADR in a research report on Thursday, January 31st. HSBC assumed coverage on TENCENT HOLDING/ADR in a report on Friday, February 1st. They issued a buy rating on the stock. Zacks Investment Research upgraded TENCENT HOLDING/ADR from a hold rating to a buy rating and set a $48.00 target price on the stock in a report on Saturday, January 26th. Barclays set a $50.00 target price on TENCENT HOLDING/ADR and gave the company a buy rating in a report on Tuesday, January 22nd. Finally, Sanford C. Bernstein restated a mkt perform rating on shares of TENCENT HOLDING/ADR in a report on Monday, January 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $49.00.

Shares of TCEHY stock traded down $0.17 on Monday, hitting $42.64. The company had a trading volume of 2,850,284 shares, compared to its average volume of 3,309,939. The stock has a market cap of $419.85 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 1.42 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. TENCENT HOLDING/ADR has a twelve month low of $31.54 and a twelve month high of $60.00.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

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