Zacks Investment Research upgraded shares of TENCENT HLDGS LTD UNSP ADR EACH REP 1 (OTCMKTS:TCEHY) from a hold rating to a buy rating in a research note released on Thursday. They currently have $31.00 price target on the stock.
According to Zacks, “Tencent Holdings Limited is an Internet service portal. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent’s leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It has brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, the People’s Republic of China. “
Separately, JPMorgan Chase & Co. reissued an overweight rating on shares of TENCENT HLDGS LTD UNSP ADR EACH REP 1 in a report on Thursday, September 1st.
Shares of TENCENT HLDGS LTD UNSP ADR EACH REP 1 (OTCMKTS:TCEHY) opened at 27.44 on Thursday. TENCENT HLDGS LTD UNSP ADR EACH REP 1 has a 12 month low of $16.38 and a 12 month high of $28.24. The stock’s 50 day moving average is $26.29 and its 200 day moving average is $22.81. The firm has a market cap of $257.09 billion, a PE ratio of 50.26 and a beta of 1.25.
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