Tencent (OTCMKTS:TCEHY) Stock Rating Lowered by Zacks Research

Tencent (OTCMKTS:TCEHY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Erste Group Bank downgraded Tencent from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Tencent presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

Tencent Stock Up 0.8%

Shares of OTCMKTS TCEHY opened at $65.09 on Monday. Tencent has a 1 year low of $52.30 and a 1 year high of $87.68. The firm has a 50-day simple moving average of $70.77 and a two-hundred day simple moving average of $77.33. The company has a market cap of $592.73 billion, a P/E ratio of 19.26 and a beta of 0.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.35.

Tencent Company Profile

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.