Tencent (OTCMKTS:TCEHY) Stock Rating Upgraded by Zacks Research

Tencent (OTCMKTS:TCEHY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also commented on the stock. Barclays reiterated an “overweight” rating and issued a $102.00 price target on shares of Tencent in a research note on Friday, November 14th. Erste Group Bank raised shares of Tencent from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Finally, Itau BBA Securities began coverage on shares of Tencent in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $102.00.

Tencent Trading Up 1.6%

Shares of OTCMKTS:TCEHY opened at $79.04 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. Tencent has a 1 year low of $46.76 and a 1 year high of $87.68. The company has a market cap of $723.51 billion, a P/E ratio of 25.58 and a beta of 0.15. The stock’s fifty day moving average price is $82.63 and its 200-day moving average price is $73.74.

Tencent (OTCMKTS:TCEHY) last released its quarterly earnings data on Thursday, November 13th. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. Tencent had a return on equity of 19.06% and a net margin of 29.55%.The company had revenue of $27.18 billion during the quarter, compared to the consensus estimate of $26.32 billion. Sell-side analysts expect that Tencent will post 2.74 earnings per share for the current year.

About Tencent

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.