First Shanghai Securities Keeps Their Buy Rating on Tencent Holdings (TCTZF)
In a report released yesterday, from First Shanghai Securities maintained a Buy rating on Tencent Holdings , with a price target of HK$790.00. The company’s shares closed yesterday at HK$622.50.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $97.35 average price target, representing a -84.36% downside. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$800.00 price target.
Based on Tencent Holdings ‘s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$184.5 billion and a net profit of HK$55.63 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
Read More on TCTZF:
Disclaimer & DisclosureReport an Issue
- Game On: Valve unveils home console Steam Machine
- 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
