Tencent (OTCMKTS:TCEHY) Tencent Share Rating Downgraded by Zacks Investment Research


Tencent (OTCMKTS:TCEHY – Get Review) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note released Saturday, Zacks.com reports.

According to Zacks, “Tencent Holdings Limited is an internet service portal. Tencent provides value-added Internet, mobile and telecommunications services and online advertising. Tencent’s main Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It brought together the largest Internet community in China, to meet the various needs of Internet users, including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, People’s Republic of China. “

Several other stock analysts have also published reports on TCEHY. JPMorgan Chase & Co. upgraded Tencent from an “underweight” rating to an “overweight” rating in a Monday, May 16 research rating. Barclays lowered its price target on Tencent from $76.00 to $55.00 and set an “overweight” rating on the stock in a Friday, March 25 research note. Mizuho cut its price target on Tencent from $450.00 to $400.00 in a Monday, May 2 report. Finally, Investec downgraded Tencent from a “buy” rating to a “hold” rating in a report on Friday, February 11. Three investment analysts have assigned the stock a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned the stock a strong buy rating. Based on data from MarketBeat.com, Tencent has a consensus rating of “Hold” and an average target price of $131.44.

Shares of TCEHY opened at $44.25 on Friday. Tencent has a 52-week low of $37.92 and a 52-week high of $81.35. The company has a debt ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The company’s 50-day moving average price is $46.27 and its two-hundred-day moving average price is $54.19. The company has a market capitalization of $425.34 billion, a PE ratio of 13.70 and a beta of 0.41.

Tencent Company Profile (Get a 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 networking services; FinTech and cloud services, and online advertising services.

See also

Get a Free Copy of Zacks Research Report on Tencent (TCEHY)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst recommendations for Tencent (OTCMKTS:TCEHY)



Get news and reviews for Tencent Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst assessments for Tencent and related companies with MarketBeat.com’s free daily email newsletter.

About Tina G.

Check Also

Tivity Health (NASDAQ:TVTY) receives new coverage from StockNews.com analysts

StockNews.com investment analysts have started covering stocks of Tivity Health (NASDAQ:TVTY – Get Note) in …