Tencent (OTCMKTS:TCEHY) Hits New 1-Year Low – Should You Sell?

Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $54.12 and last traded at $54.31, with a volume of 646078 shares changing hands. The stock had previously closed at $55.57.

Analyst Ratings Changes

A number of brokerages have issued reports on TCEHY. Zacks Research cut shares of Tencent from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Erste Group Bank cut shares of Tencent from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Barclays reissued an “overweight” rating and set a $106.00 target price on shares of Tencent in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.00.

Tencent Trading Down 1.9%

The firm has a market cap of $497.20 billion, a P/E ratio of 15.23 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50 day moving average of $61.90 and a 200 day moving average of $70.71.

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.