TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Hits New 12-Month High at $53.75
TENCENT HOLDING/ADR (OTCMKTS:TCEHY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.75 and last traded at $53.49, with a volume of 4969346 shares traded. The stock had previously closed at $52.70.
A number of brokerages have recently issued reports on TCEHY. BNP Paribas began coverage on TENCENT HOLDING/ADR in a research report on Thursday, October 31st. They set an “outperform” rating on the stock. Macquarie began coverage on TENCENT HOLDING/ADR in a research report on Wednesday, November 27th. They set an “outperform” rating on the stock. ValuEngine lowered TENCENT HOLDING/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised TENCENT HOLDING/ADR from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $169.33.
The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $511.26 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The business has a 50-day moving average price of $49.98 and a 200-day moving average price of $44.59.
TENCENT HOLDING/ADR Company Profile (OTCMKTS:TCEHY)
Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.
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