According to Zacks, “Tencent Holdings Limited is an Internet service portal. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent’s leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It has brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, the People’s Republic of China. “
Several other research firms have also weighed in on TCEHY. Atlantic Securities assumed coverage on shares of Tencent in a research report on Monday, October 19th. They set an “overweight” rating for the company. OTR Global upgraded shares of Tencent to a “positive” rating in a research report on Wednesday, October 14th. Barclays increased their price target on shares of Tencent from $81.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, November 16th. Finally, Mizuho increased their target price on shares of Tencent from $64.48 to $77.38 and gave the stock a “neutral” rating in a research report on Friday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tencent has a consensus rating of “Buy” and a consensus price target of $79.55.
Tencent (OTCMKTS:TCEHY) last posted its quarterly earnings results on Thursday, November 12th. The technology company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $18.13 billion during the quarter, compared to analyst estimates of $17.80 billion. Tencent had a net margin of 24.40% and a return on equity of 18.09%. As a group, research analysts expect that Tencent will post 1.62 earnings per share for the current fiscal year.
Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Internet advertising services in Mainland China, the United States, Europe, and internationally. The company operates through VAS, FinTech and Business Services, Online Advertising, and Others segments. It offers online games and social network services; FinTech and cloud services; and online advertising services, such as media, social, and others advertisement services.
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