Erste Group Bank Increases Earnings Estimates for Tencent

Tencent Holding Ltd. (OTCMKTS:TCEHY) – Equities research analysts at Erste Group Bank upped their FY2026 earnings estimates for shares of Tencent in a research note issued on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the technology company will earn $4.02 per share for the year, up from their prior estimate of $4.01. The consensus estimate for Tencent’s current full-year earnings is $4.00 per share. Erste Group Bank also issued estimates for Tencent’s FY2027 earnings at $4.21 EPS.

Separately, Zacks Research cut Tencent from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Tencent presently has a consensus rating of “Hold” and an average price target of $106.00.

Tencent Stock Up 3.7%

Shares of OTCMKTS TCEHY opened at $57.91 on Wednesday. The firm’s 50 day moving average price is $57.57 and its 200 day moving average price is $59.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 1.29. Tencent has a 1 year low of $52.84 and a 1 year high of $87.68. The firm has a market cap of $527.16 billion, a P/E ratio of 15.87 and a beta of 0.26.

Institutional Trading of Tencent

An institutional investor recently bought a new position in Tencent stock. Raiffeisen Bank International AG purchased a new position in Tencent Holding Ltd. (OTCMKTS:TCEHY) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 259,080 shares of the technology company’s stock, valued at approximately $13,897,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

About Tencent

Tencent Holdings Limited is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. The company develops and operates digital platforms, online services and technology products for consumers, businesses and public-sector organizations.

Tencent’s consumer businesses include WeChat, a social communications and digital services platform, and QQ, an instant-messaging and online community service. The company also develops and publishes video games through its domestic and international operations, and provides digital content such as music, video, literature and other entertainment services.

Through its fintech and business services operations, Tencent offers payment services, wealth-management products, cloud computing, cybersecurity, advertising technology and other enterprise solutions.