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Bernstein Keeps Their Buy Rating on Tencent Holdings (TCTZF)

Tipranks - Tipranks - Fri Feb 13, 8:34AM CST

Bernstein analyst Robin Zhu maintained a Buy rating on Tencent Holdings today and set a price target of HK$820.00.

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According to TipRanks, Zhu is a 4-star analyst with an average return of 7.5% and a 49.59% success rate. Zhu covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, Alibaba Group Holding Ltd., and Meituan.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a HK$762.69 average price target.

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Based on Tencent Holdings ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$181.61 billion and a net profit of HK$54.76 billion. In comparison, last year the company earned a revenue of HK$161.12 billion and had a net profit of HK$47.63 billion

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