Citi Reaffirms Their Buy Rating on Tencent Holdings Limited (TCTZF)

In a report released today, Alicia Yap from Citi maintained a Buy rating on Tencent Holdings Limited (TCTZF – Research Report). The company’s shares closed yesterday at $40.30.

According to TipRanks, Yap is an analyst with an average return of -5.8% and a 32.43% success rate. Yap covers the Consumer Cyclical sector, focusing on stocks such as PDD Holdings, JD, and Alibaba.

Tencent Holdings Limited has an analyst consensus of Strong Buy, with a price target consensus of $52.96, a 31.41% upside from current levels. In a report released on April 21, Jefferies also reiterated a Buy rating on the stock with a HK$453.00 price target.

The company has a one-year high of $46.56 and a one-year low of $32.45. Currently, Tencent Holdings Limited has an average volume of 16.04K.

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Tencent Holdings Limited (TCTZF) Company Description:

Tencent is a Chinese Internet giant with businesses and investments in a wide variety of Internet services and contents. Major services include communication and social networking (Weixin/Weixin and QQ), online PC and mobile games, content (news, videos, music, comics, and literature), utilities (email, app store, mobile security, and mobile browser), cloud services, and financial technology. Tenpay in Weixin/Weixin and QQ is a payment solution that enables closed-loop transactions in Tencent’s ecosystems and has been adopted by many third-party partners and offline merchants. Tencent has an aggregate monthly active user base of less than 600 million for QQ and over 1.2 billion for Weixin/Weixin.