Tencent (OTCMKTS:TCEHY) Upgraded at Zacks Research

Zacks Research upgraded shares of Tencent (OTCMKTS:TCEHY) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Itau BBA Securities initiated coverage on Tencent in a research report on Tuesday, October 7th. They set an “outperform” rating for the company. Barclays restated an “overweight” rating and set a $102.00 target price on shares of Tencent in a research note on Friday, November 14th. Finally, Erste Group Bank upgraded shares of Tencent from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $102.00.

Tencent Stock Performance

TCEHY opened at $79.04 on Thursday. Tencent has a 1 year low of $46.76 and a 1 year high of $87.68. The firm has a fifty day moving average price of $82.63 and a 200 day moving average price of $73.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $723.51 billion, a P/E ratio of 25.58 and a beta of 0.15.

Tencent (OTCMKTS:TCEHY) last announced its quarterly earnings data on Thursday, November 13th. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $27.18 billion for the quarter, compared to analyst estimates of $26.32 billion. Tencent had a net margin of 29.55% and a return on equity of 19.06%. Equities research analysts anticipate that Tencent will post 2.74 earnings per share for the current year.

Tencent Company Profile

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.