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Morgan Stanley Remains a Buy on Tencent Holdings (TCTZF)
Morgan Stanley analyst Gary Yu maintained a Buy rating on Tencent Holdings on May 28 and set a price target of HK$650.00. The company’s shares closed yesterday at HK$425.00.
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Yu covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, and China Mobile. According to TipRanks, Yu has an average return of -3.3% and a 40.91% success rate on recommended stocks.
In addition to Morgan Stanley, Tencent Holdings also received a Buy from CGS International’s Lei Yang CFA in a report issued on May 15. However, on May 14, Mizuho Securities maintained a Hold rating on Tencent Holdings (Other OTC: TCTZF).
TCTZF market cap is currently HK$3924.9B and has a P/E ratio of 14.15.
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