In a report released yesterday, Gregory Zhao from Barclays maintained a Buy rating on Tencent Holdings Limited (TCEHY), with a price target of $52.00. The company’s shares closed last Monday at $41.49.
According to TipRanks.com, Zhao is a 1-star analyst with an average return of -0.9% and a 44.1% success rate. Zhao covers the Technology sector, focusing on stocks such as GSX Techedu Inc, Baidu Inc, and Weibo.
Tencent Holdings Limited has an analyst consensus of Strong Buy, with a price target consensus of $52.00.
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Based on Tencent Holdings Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.54 billion. In comparison, last year the company had a net profit of $3.43 billion.
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