Analysts Offer Insights on Communication Services Companies: Tencent Holdings (OtherTCTZF) and Meitu (OtherMEIUF)
There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Tencent Holdings (TCTZF – Research Report) and Meitu (MEIUF – Research Report) with bullish sentiments.
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Tencent Holdings (TCTZF)
In a report issued on December 15, 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 last Wednesday at $77.80.
Yu has an average return of
According to TipRanks.com, Yu is ranked #7266 out of 10193 analysts.
Currently, the analyst consensus on Tencent Holdings is a Strong Buy with an average price target of $97.87, which is a 26.2% upside from current levels. In a report issued on December 15, DBS also maintained a Buy rating on the stock with a HK$800.00 price target.
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Meitu (MEIUF)
UBS analyst Xinyi Sara Wang maintained a Buy rating on Meitu on December 15 and set a price target of HK$14.10. The company’s shares closed last Tuesday at $1.05.
Wang has an average return of
According to TipRanks.com, Wang is ranked #3621 out of 10193 analysts.
Meitu has an analyst consensus of Strong Buy, with a price target consensus of $1.65, representing a 44.7% upside. In a report issued on December 15, CLSA also maintained a Buy rating on the stock with a HK$14.10 price target.
