Tencent (OTCMKTS:TCEHY) Upgraded at New Street Research

New Street Research upgraded shares of Tencent (OTCMKTS:TCEHY) to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports.

Tencent Stock Up 1.4 %

TCEHY stock opened at $47.63 on Monday. The stock has a market capitalization of $445.93 billion, a P/E ratio of 25.07 and a beta of 0.18. The firm has a 50-day simple moving average of $47.57 and a 200-day simple moving average of $44.75. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.31. Tencent has a 52 week low of $33.00 and a 52 week high of $52.10.

Tencent (OTCMKTS:TCEHY) last released its earnings results on Wednesday, August 14th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. The business had revenue of $22.25 billion during the quarter. Tencent had a net margin of 24.22% and a return on equity of 19.30%. Equities analysts forecast that Tencent will post 2.74 earnings per share for the current fiscal year.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.