Tencent Holding Ltd. (OTCMKTS:TCEHY – Free Report) – Erste Group Bank lifted their FY2026 earnings estimates for Tencent in a research report issued to clients and investors on Thursday, April 2nd. Erste Group Bank analyst H. Engel now expects that the technology company will earn $4.07 per share for the year, up from their previous forecast of $4.06. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Tencent’s current full-year earnings is $2.74 per share.
Separately, Zacks Research lowered shares of Tencent from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tencent currently has a consensus rating of “Moderate Buy” and an average target price of $102.00.
Tencent Price Performance
TCEHY opened at $63.98 on Friday. The firm has a market cap of $583.74 billion, a price-to-earnings ratio of 18.93 and a beta of 0.34. Tencent has a fifty-two week low of $55.06 and a fifty-two week high of $87.68. The company’s 50-day moving average price is $66.89 and its 200 day moving average price is $75.67. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.26.
About Tencent
Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.
At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.
Further Reading
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