Tencent (OTCMKTS:TCEHY) PT Lowered to $400.00

Tencent (OTCMKTS:TCEHYGet Rating) had its price objective lowered by equities researchers at Mizuho from $450.00 to $400.00 in a report released on Monday, The Fly reports.

Other analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Tencent from $76.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, March 25th. Zacks Investment Research raised shares of Tencent from a “strong sell” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, April 20th. JPMorgan Chase & Co. cut shares of Tencent from an “overweight” rating to an “underweight” rating in a report on Monday, March 14th. Finally, Investec cut shares of Tencent from a “buy” rating to a “hold” rating in a report on Friday, February 11th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $131.44.

Shares of OTCMKTS:TCEHY opened at $47.07 on Monday. The stock has a market capitalization of $452.45 billion, a price-to-earnings ratio of 13.04 and a beta of 0.44. Tencent has a 1-year low of $37.92 and a 1-year high of $81.35. The company’s fifty day moving average is $48.15 and its two-hundred day moving average is $56.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20.

Tencent Company Profile (Get Rating)

Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. It offers online games and social network services; FinTech and cloud services, and online advertising services.

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