OTR Global Downgrades TENCENT HOLDING/ADR (TCEHY) to Positive

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TENCENT HOLDING/ADR (OTCMKTS:TCEHY) was downgraded by equities research analysts at OTR Global to a “positive” rating in a research note issued on Thursday, The Fly reports.

A number of other brokerages have also recently commented on TCEHY. Zacks Investment Research cut TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Barclays set a $59.00 price objective on TENCENT HOLDING/ADR and gave the stock a “buy” rating in a research note on Saturday, July 28th. Finally, ValuEngine raised TENCENT HOLDING/ADR from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.50.

Shares of TCEHY opened at $34.82 on Thursday. The stock has a market cap of $355.42 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 1.03 and a beta of 1.12. TENCENT HOLDING/ADR has a 12 month low of $31.54 and a 12 month 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.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last issued its quarterly earnings data on Wednesday, August 15th. The technology company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $12.21 billion. TENCENT HOLDING/ADR had a return on equity of 22.75% and a net margin of 28.68%. As a group, equities research analysts predict that TENCENT HOLDING/ADR will post 1.14 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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