Tencent (OTCMKTS:TCEHY) had its price objective increased by equities researchers at Barclays from $59.00 to $64.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the technology company’s stock. Barclays’ target price would suggest a potential upside of 10.67% from the stock’s current price.
TCEHY has been the topic of several other research reports. Zacks Investment Research upgraded Tencent from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Saturday, November 18th. Benchmark reiterated a “buy” rating on shares of Tencent in a research note on Thursday, November 16th.
Shares of Tencent (TCEHY) opened at $57.83 on Monday. Tencent has a fifty-two week low of $27.41 and a fifty-two week high of $61.00. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45.
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Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.
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