There’s a lot to be optimistic about in the Communication Services sector as 3 analysts just weighed in on Tencent Holdings Limited (TCTZF – Research Report), Cogent Comms (CCOI – Research Report) and Iqiyi (IQ – Research Report) with bullish sentiments.
Tencent Holdings Limited (TCTZF)
In a report released today, Saiyi HE from CMB International Securities maintained a Buy rating on Tencent Holdings Limited, with a price target of HK$458.50. The company’s shares closed last Monday at $34.28, close to its 52-week low of $33.62.
According to TipRanks.com, HE ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings Limited with a $54.85 average price target, implying a 69.0% upside from current levels. In a report issued on January 11, Macquarie also maintained a Buy rating on the stock with a HK$455.00 price target.
See today’s best-performing stocks on TipRanks >>
Cogent Comms (CCOI)
KeyBanc analyst Brandon Nispel assigned a Buy rating to Cogent Comms today and set a price target of $85.00. The company’s shares closed last Monday at $76.91, close to its 52-week high of $77.00.
According to TipRanks.com, Nispel is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cogent Comms with a $77.17 average price target.
Iqiyi (IQ)
In a report issued on January 19, Sophie Huang from CMB International Securities maintained a Buy rating on Iqiyi, with a price target of $8.60. The company’s shares closed last Monday at $3.65, close to its 52-week low of $3.52.
According to TipRanks.com, Huang is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Iqiyi with a $6.63 average price target, representing an 88.4% upside. In a report issued on January 17, Goldman Sachs also maintained a Buy rating on the stock with a $6.30 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on TCTZF:
- Iowa Attorney General Bird sues TikTok for misleading parents
- Apple excludes video, news partners from updated App Store rules, TC reports
- U.S. video game spending rose 1% y/y in 2023, says Circana
- What You Missed This Week in Video Games
- Apple request for Supreme Court review of Epic ruling denied, Bloomberg reports
