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OTCMKTS:TCEHY

Tencent (TCEHY) Stock Price, News & Analysis

$47.99
+0.97 (+2.06%)
(As of 08/21/2024 ET)
Today's Range
$47.63
$48.05
50-Day Range
$45.07
$50.45
52-Week Range
$33.00
$52.10
Volume
1.72 million shs
Average Volume
2.68 million shs
Market Capitalization
$447.31 billion
P/E Ratio
25.26
Dividend Yield
0.79%
Price Target
$46.00

Tencent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.1% Downside
$46.00 Price Target
Short Interest
Healthy
0.05% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Tencent in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.08%
From $2.62 to $3.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.75 out of 5 stars

TCEHY stock logo

About Tencent Stock (OTCMKTS:TCEHY)

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. Its enterprise business comprises marketing solutions, which offers digital tools including user insight, creative management, placement strategy, and digital assets management; and cloud services, such as cloud computing, big data analytics, artificial intelligence, Internet of Things, security and other technologies for financial services, education, healthcare, retail, industry, transport, energy, and radio & television application. In addition, the company operates innovation business, which includes artificial intelligences; and discover and develops enterprise and next-generation technologies for food production, energy, and water management application. Tencent Holdings Limited was formerly known as Tencent (BVI) Limited and changed its name to Tencent Holding Limited in February 2004. The company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China.

TCEHY Stock Price History

TCEHY Stock News Headlines

Tencent website displayed on smartphone and stack of coins - Stock Editorial Photography
Tencent's Earnings Show Signs of Comeback in China's Tech Market (TCEHY)
In the past quarter, Tencent delivered massive financial growth for investors, and some on Wall Street have just now realized how much more upside there is.
China flag on screen and stocks and finance graphs in background
Will China's Interest Rate Cuts Ignite a Rally for This Stock? (TCEHY)
Chinese stocks could be about to go on a rally, at least that's what Ray Dalio and Michael Burry seem to think, analysts favor Alibaba among these names
Secure this "AI Fuel" Stock Before the Billionaires Buy It All
According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.
China's Stalling Credit Market Signals an Era Of Stagnation
Secure this "AI Fuel" Stock Before the Billionaires Buy It All
According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.
Why Tencent Fell Over 5% Today
China Market Update: Tencent Beats!
TENCENT ANNOUNCES 2024 SECOND QUARTER RESULTS
See More Headlines
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Company Calendar

Last Earnings
3/18/2020
Ex-Dividend for 6/17 Dividend
5/17/2024
Dividend Payable
6/17/2024
Today
8/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous business services
Sub-Industry
N/A
Current Symbol
OTCMKTS:TCEHY
Employees
105,417
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$46.00
High Stock Price Target
$46.00
Low Stock Price Target
$46.00
Potential Upside/Downside
-4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$16.28 billion
Pretax Margin
26.49%

Debt

Sales & Book Value

Annual Sales
$86.17 billion
Cash Flow
$2.86 per share
Book Value
$13.06 per share

Miscellaneous

Outstanding Shares
9,320,970,000
Free Float
N/A
Market Cap
$447.31 billion
Optionable
Not Optionable
Beta
0.19

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Key Executives

  • Mr. Huateng Ma (Age 52)
    Co-Founder, Chairman & CEO
    Comp: $6.03M
  • Mr. Chi Ping Lau (Age 51)
    President
    Comp: $2.33M
  • Mr. Liqing Zeng (Age 54)
    Co-Founder & Advisor Emeritus
  • Mr. Chenye Xu (Age 53)
    Co-Founder & Chief Information Officer
  • Mr. Zhidong Zhang (Age 52)
    Co-Founder & Advisor Emeritus
    Comp: $2.27M
  • Mr. Yidan Chen (Age 53)
    Co-Founder & Advisor Emeritus
  • Mr. Weibiao Zhan (Age 51)
    Managing Director
  • Mr. Shek Hon Lo (Age 55)
    CFO & Senior VP
  • Mr. Yuxin Ren (Age 48)
    COO and President of Platform & Content Group & Interactive Entertainment Group
  • Mr. Shan Lu (Age 49)
    Senior EVP and President of Technology & Engineering Group

Should I Buy Tencent Stock? TCEHY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Tencent Holdings:

  • Tencent's stock price has crossed above its 200-day moving average, indicating a potential uptrend in the stock.
  • Tencent has a market capitalization of over $400 billion, reflecting its significant size and stability in the market.
  • The company recently increased its annual dividend payout, showing a commitment to rewarding shareholders.
  • Tencent reported strong quarterly earnings, surpassing analyst expectations and demonstrating solid financial performance.
  • The company operates in various segments including value-added services, online advertising, fintech, and business services, providing diversified revenue streams.

Cons

Investors should be bearish about investing in Tencent Holdings for these reasons:

  • There is a debt-to-equity ratio of 0.31, which indicates a certain level of financial leverage that may pose risks in times of economic uncertainty.
  • The stock's price-to-earnings ratio is around 25, which could be considered relatively high compared to industry peers, potentially limiting upside potential.
  • While Tencent has a strong presence in the Chinese market, regulatory challenges and geopolitical tensions could impact its operations and growth prospects.
  • The company's beta of 0.19 suggests lower volatility compared to the market, which may result in slower price movements for traders seeking quick gains.
  • Investors should carefully monitor Tencent's performance in the face of increasing competition and evolving market dynamics to assess long-term sustainability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 18, 2024. Please send any questions or comments about these Tencent pros and cons to contact@marketbeat.com.

TCEHY Stock Analysis - Frequently Asked Questions

How have TCEHY shares performed this year?

Tencent's stock was trading at $37.79 at the beginning of 2024. Since then, TCEHY shares have increased by 27.0% and is now trading at $47.99.
View the best growth stocks for 2024 here
.

How were Tencent's earnings last quarter?

Tencent Holdings Limited (OTCMKTS:TCEHY) released its quarterly earnings results on Wednesday, March, 18th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.02. The technology company earned $15.02 billion during the quarter, compared to the consensus estimate of $14.76 billion. Tencent had a trailing twelve-month return on equity of 19.30% and a net margin of 24.22%.
Read the conference call transcript
.

Does Tencent have any subsidiaries?

Tencent subsidiaries include these companies: Tequila Works, 1C Entertainment, Inflexion Games, APKPure Inc., Slamfire Inc., Turtle Rock Studios, Wake Up Interactive Ltd., and others.

How do I buy shares of Tencent?

Shares of TCEHY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:TCEHY) was last updated on 8/22/2024 by MarketBeat.com Staff

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