Morgan Stanley Sticks to Their Buy Rating for Tencent Holdings (TCTZF)
In a report released on November 19, Gary Yu from Morgan Stanley maintained a Buy rating on Tencent Holdings , with a price target of HK$735.00. 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
According to TipRanks, Yu is a 2-star analyst with an average return of 1.2% and a 49.15% success rate.
Tencent Holdings has an analyst consensus of Strong Buy, with a price target consensus of $97.21, representing a -84.38% downside. In a report released on November 19, DBS also maintained a Buy rating on the stock with a HK$800.00 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 17.33M.
Read More on TCTZF:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.