Q2 2019 Earnings Estimate for TENCENT HOLDING/ADR Issued By KeyCorp (OTCMKTS:TCEHY)

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TENCENT HOLDING/ADR (OTCMKTS:TCEHY) – Investment analysts at KeyCorp dropped their Q2 2019 earnings per share estimates for shares of TENCENT HOLDING/ADR in a research report issued to clients and investors on Tuesday, July 9th. KeyCorp analyst H. Chung now anticipates that the technology company will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.31. KeyCorp also issued estimates for TENCENT HOLDING/ADR’s Q3 2019 earnings at $0.33 EPS, FY2019 earnings at $1.27 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.42 EPS and FY2020 earnings at $1.63 EPS.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). TENCENT HOLDING/ADR had a net margin of 25.49% and a return on equity of 19.24%. The firm had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.19 billion.

A number of other research analysts also recently commented on TCEHY. Barclays restated a “buy” rating on shares of Bayerische Motoren Werke in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and set a $400.00 price objective (up from $360.00) on shares of TENCENT HOLDING/ADR in a research note on Friday, March 22nd. Investec upgraded TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research note on Friday, May 31st. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $167.33.

Shares of TCEHY opened at $45.42 on Friday. The company has a market cap of $430.97 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.51 and a beta of 1.09. The stock’s fifty day moving average is $43.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.06. TENCENT HOLDING/ADR has a 12 month low of $31.54 and a 12 month high of $51.24.

TENCENT HOLDING/ADR Company Profile

Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.

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Earnings History and Estimates for TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

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