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Tencent (OTCMKTS:TCEHY) PT Raised to $48.00

kopsource ·  Jan 29, 2023 02:31

Tencent (OTCMKTS:TCEHY – Get Rating) had its price objective increased by Barclays from $36.00 to $48.00 in a research note published on Wednesday, The Fly reports. Barclays currently has an equal weight rating on the technology company's stock.

A number of other equities analysts have also commented on the stock. Mizuho raised their target price on shares of Tencent from $300.00 to $330.00 in a research report on Thursday, January 5th. KGI Securities lowered shares of Tencent from an outperform rating to a neutral rating in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $189.00.

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Tencent Price Performance

Shares of OTCMKTS TCEHY opened at $52.55 on Wednesday. The company has a market cap of $502.84 billion, a P/E ratio of 18.90 and a beta of 0.29. Tencent has a 1 year low of $24.75 and a 1 year high of $63.00. The firm has a 50-day simple moving average of $42.80 and a two-hundred day simple moving average of $38.61.

Tencent (OTCMKTS:TCEHY – Get Rating) last announced its quarterly earnings data on Wednesday, November 16th. The technology company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $20.32 billion. Tencent had a net margin of 32.16% and a return on equity of 8.93%. As a group, equities research analysts expect that Tencent will post 1.29 EPS for the current year.

Tencent Company Profile

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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 network services; FinTech and cloud services, and online advertising services.

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