Erste Group Bank Lowers Earnings Estimates for Tencent

Tencent Holding Ltd. (OTCMKTS:TCEHY) – Erste Group Bank lowered their FY2026 EPS estimates for shares of Tencent in a research note issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the technology company will post earnings of $4.07 per share for the year, down from their prior estimate of $4.09. The consensus estimate for Tencent’s current full-year earnings is $4.06 per share. Erste Group Bank also issued estimates for Tencent’s FY2027 earnings at $4.45 EPS.

TCEHY has been the topic of a number of other research reports. Zacks Research downgraded Tencent from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Barclays restated an “overweight” rating and set a $106.00 price target on shares of Tencent in a research note on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Tencent Stock Performance

Shares of TCEHY opened at $59.06 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.42. Tencent has a one year low of $52.84 and a one year high of $87.68. The firm has a market capitalization of $537.94 billion, a P/E ratio of 16.50 and a beta of 0.26. The business has a fifty day moving average of $57.33 and a 200 day moving average of $65.07.

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.