DBS Keeps Their Buy Rating on Tencent Holdings (TCTZF)
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According to TipRanks, Yu CFA is a 4-star analyst with an average return of 14.7% and a 47.37% success rate. Yu CFA covers the Technology sector, focusing on stocks such as GDS Holdings, China Mobile, and China Unicom (Hong Kong).
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $82.75 average price target, which is a 7.90% upside from current levels. In a report released yesterday, US Tiger Securities also maintained a Buy rating on the stock with a HK$645.00 price target.
Based on Tencent Holdings 's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $180.02 billion and a net profit of $47.82 billion. In comparison, last year the company earned a revenue of $159.5 billion and had a net profit of $41.89 billion
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