Analysts Issue Forecasts for TENCENT HOLDING/ADR’s Q3 2019 Earnings (TCEHY)

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Investment analysts at Oppenheimer decreased their Q3 2019 earnings estimates for shares of TENCENT HOLDING/ADR in a research note issued to investors on Monday, May 20th. Oppenheimer analyst J. Helfstein now anticipates that the technology company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.35.

TCEHY has been the subject of several other reports. ValuEngine downgraded TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a report on Monday, May 13th. HSBC started coverage on TENCENT HOLDING/ADR in a report on Friday, February 1st. They set a “buy” rating for the company. Zacks Investment Research downgraded TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Investec reaffirmed a “hold” rating on shares of TENCENT HOLDING/ADR in a report on Thursday, January 31st. Finally, Barclays increased their price target on TENCENT HOLDING/ADR from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $167.33.

TCEHY stock opened at $42.96 on Wednesday. The company has a market capitalization of $408.26 billion, a PE ratio of 42.12, a PEG ratio of 1.45 and a beta of 1.02. TENCENT HOLDING/ADR has a twelve month low of $31.54 and a twelve month high of $54.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.07 and a quick ratio of 1.07.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last posted its quarterly earnings data on Thursday, March 21st. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $12.28 billion during the quarter, compared to the consensus estimate of $12.33 billion. TENCENT HOLDING/ADR had a return on equity of 19.95% and a net margin of 25.49%.

TENCENT HOLDING/ADR Company Profile

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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Earnings History and Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

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