J.P. Morgan Sticks to Its Buy Rating for Tencent Holdings (TCTZF)
In a report released on November 13, Alex Yao from J.P. Morgan maintained a Buy rating on Tencent Holdings , with a price target of HK$750.00. The company’s shares closed last Friday at HK$656.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
According to TipRanks, Yao is a 4-star analyst with an average return of 8.0% and a 50.56% success rate. Yao covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, and AutoHome.
Currently, the analyst consensus on Tencent Holdings is a Strong Buy with an average price target of $97.13, representing a -85.19% downside. In a report released on November 14, DBS also maintained a Buy rating on the stock with a HK$786.00 price target.
The company has a one-year high of HK$683.00 and a one-year low of HK$364.80. Currently, Tencent Holdings has an average volume of 17.39M.
Read More on TCTZF:
Disclaimer & DisclosureReport an Issue
- Tencent price target raised to HK$665 from HK$660 at Mizuho
- Tencent Grants Shares to Employees Under Award Scheme
- Tencent Grants Share Options to Employees to Boost Engagement
- Tencent, Apple agree to 15% cut of WeChat mini app spending, Bloomberg reports
- Tencent price target raised to $102 from $77 at Barclays
