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Tencent Holdings (TCTZF) Gets a Buy from BOCOM International Holdings Company

Tipranks - Tipranks - Sat Aug 15, 12:08AM CDT

In a report released yesterday, from BOCOM International Holdings Company maintained a Buy rating on Tencent Holdings , with a price target of HK$620.00. The company’s shares closed yesterday at HK$441.00.

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Currently, the analyst consensus on Tencent Holdings is a Strong Buy with an average price target of HK$676.35, representing a 53.37% upside. In a report released yesterday, Citi also reiterated a Buy rating on the stock with a HK$765.00 price target.

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Based on Tencent Holdings ‘s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$194.68 billion and a net profit of HK$57.57 billion. In comparison, last year the company earned a revenue of HK$180.02 billion and had a net profit of HK$47.82 billion

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