ValuEngine Lowers TENCENT HOLDING/ADR (TCEHY) to Sell

Share on StockTwits

ValuEngine downgraded shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) from a hold rating to a sell rating in a research note released on Sunday.

Other research 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 research report on Tuesday, August 21st. Barclays decreased their price objective on shares of TENCENT HOLDING/ADR from $59.00 to $55.00 and set an overweight rating for the company in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $61.50.

OTCMKTS:TCEHY opened at $37.40 on Friday. TENCENT HOLDING/ADR has a one year low of $31.54 and a one year high of $61.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $359.70 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings results on Wednesday, August 15th. The technology company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). TENCENT HOLDING/ADR had a net margin of 28.68% and a return on equity of 22.75%. The business had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $12.21 billion. Sell-side analysts anticipate that TENCENT HOLDING/ADR will post 1.14 earnings per share for the current 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.

Featured Story: How much money do you need to begin day trading?

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

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's FREE daily email newsletter.

Leave a Reply