KeyCorp Weighs in on TENCENT HOLDING/ADR’s Q3 2018 Earnings (TCEHY)

Share on StockTwits

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Research analysts at KeyCorp lowered their Q3 2018 EPS estimates for TENCENT HOLDING/ADR in a research report issued to clients and investors on Thursday, August 16th. KeyCorp analyst H. Chung now forecasts that the technology company will post earnings per share of $0.30 for the quarter, down from their previous estimate of $0.38. KeyCorp also issued estimates for TENCENT HOLDING/ADR’s Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.40 EPS and FY2019 earnings at $1.51 EPS.

TCEHY has been the topic of a number of other research reports. Barclays set a $59.00 target price on TENCENT HOLDING/ADR and gave the company a “buy” rating in a research report on Saturday, July 28th. Zacks Investment Research downgraded TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Finally, ValuEngine downgraded TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.50.

OTCMKTS TCEHY opened at $44.13 on Monday. TENCENT HOLDING/ADR has a fifty-two week low of $40.57 and a fifty-two week high of $61.00. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $447.13 billion, a price-to-earnings ratio of 46.95, a P/E/G ratio of 1.15 and a beta of 0.97.

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.

See Also: Growth Stocks

Earnings History and Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Receive News & Ratings for TENCENT HOLDING/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TENCENT HOLDING/ADR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply