TENCENT HOLDING/ADR’s (TCEHY) Overweight Rating Reaffirmed at Barclays

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Barclays restated their overweight rating on shares of TENCENT HOLDING/ADR (OTCMKTS:TCEHY) in a research note released on Thursday, The Fly reports. Barclays currently has a $54.00 price objective on the technology company’s stock, down from their prior price objective of $59.00.

Other equities analysts have also recently issued reports about the company. Loop Capital started coverage on TENCENT HOLDING/ADR in a report on Monday, June 3rd. They issued a buy rating for the company. Zacks Investment Research raised TENCENT HOLDING/ADR from a sell rating to a hold rating in a report on Tuesday, July 23rd. ValuEngine cut TENCENT HOLDING/ADR from a buy rating to a hold rating in a report on Monday, May 13th. Investec raised TENCENT HOLDING/ADR from an add rating to a buy rating in a report on Friday, May 31st. Finally, Jefferies Financial Group assumed coverage on TENCENT HOLDING/ADR in a report on Monday, August 5th. They issued a buy rating for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TENCENT HOLDING/ADR currently has a consensus rating of Buy and an average price target of $167.33.

OTCMKTS:TCEHY opened at $41.89 on Thursday. The stock has a market cap of $397.04 billion, a P/E ratio of 41.07, a PEG ratio of 1.48 and a beta of 1.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $45.16 and a 200 day simple moving average of $45.37. TENCENT HOLDING/ADR has a 1-year low of $31.54 and a 1-year high of $51.24.

TENCENT HOLDING/ADR Company Profile

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

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