Oppenheimer Equities Analysts Lower Earnings Estimates for TENCENT HOLDING/ADR (TCEHY)

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Investment analysts at Oppenheimer decreased their FY2019 earnings per share estimates for shares of TENCENT HOLDING/ADR in a report issued on Monday, May 20th. Oppenheimer analyst J. Helfstein now forecasts that the technology company will post earnings per share of $1.29 for the year, down from their previous estimate of $1.32. Oppenheimer also issued estimates for TENCENT HOLDING/ADR’s FY2020 earnings at $1.64 EPS.

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

A number of other research firms have also recently commented on TCEHY. Zacks Investment Research upgraded TENCENT HOLDING/ADR from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday. ValuEngine upgraded TENCENT HOLDING/ADR from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Benchmark restated a “buy” rating and set a $400.00 price target (up from $360.00) on shares of TENCENT HOLDING/ADR in a research note on Friday, March 22nd. Barclays upped their price target on TENCENT HOLDING/ADR from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Investec restated a “hold” rating on shares of TENCENT HOLDING/ADR in a research note on Thursday, January 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $167.33.

Shares of TENCENT HOLDING/ADR stock opened at $42.96 on Thursday. The company has a market capitalization of $411.87 billion, a P/E ratio of 42.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. TENCENT HOLDING/ADR has a fifty-two week low of $31.54 and a fifty-two week high of $54.84. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.39.


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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