Should I buy or sell Tencent stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TCEHY shares. View TCEHY analyst ratings or view top-rated stocks .

What is Tencent's stock price target for 2024?

2 Wall Street analysts have issued 1 year target prices for Tencent's stock. Their TCEHY share price targets range from $46.00 to $46.00. On average, they anticipate the company's stock price to reach $46.00 in the next year. This suggests that the stock has a possible downside of 5.6%. View analysts price targets for TCEHY or view top-rated stocks among Wall Street analysts .

How have TCEHY shares performed in 2024?

Tencent's stock was trading at $37.79 on January 1st, 2024. Since then, TCEHY shares have increased by 28.9% and is now trading at $48.71. View the best growth stocks for 2024 here .

How were Tencent's earnings last quarter?

Tencent Holdings Limited (OTCMKTS:TCEHY) issued its quarterly earnings results on Tuesday, May, 14th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The technology company had revenue of $22.28 billion for the quarter. Tencent had a trailing twelve-month return on equity of 14.60% and a net margin of 21.20%.

How often does Tencent pay dividends? What is the dividend yield for Tencent?

Tencent announced an annual dividend on Thursday, April 25th. Investors of record on Monday, May 20th will be paid a dividend of $0.3839 per share on Monday, June 17th. This represents a yield of 0.88%. The ex-dividend date is Friday, May 17th. This is a boost from the stock's previous annual dividend of $0.10. Read our dividend analysis for TCEHY .

Is Tencent a good dividend stock?

Tencent (OTCMKTS:TCEHY) pays an annual dividend of $0.38 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCEHY will have a dividend payout ratio of 12.18% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TCEHY .

What ETFs hold Tencent's stock?

ETFs with the largest weight of Tencent (OTCMKTS:TCEHY) stock in their portfolio include ActivePassive International Equity ETF (APIE) . AAM Transformers ETF (TRFM) .

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 .

Does Tencent have any subsidiaries?

The following companies are subsidiares of Tencent: 10 Chambers Collective, 1C Entertainment, APKPure Inc., Beijing BIZCOM Technology Company Limited, Beijing Starsinhand Technology Company Limited, Beijing Tencent Culture Media Company Limited, Bitauto, Cat Cake, China Literature Limited, China Music Corp, Cloudary, Comsenz, Fatshark, Funcom Games, Grinding Gear Games, HUYA, Inflexion Games, Klei Entertainment, Leyou Group, Linktech Navi, Miniclip SA, Nanjing Wang Dian Technology Company Limited, Riot Games, Riot Games Inc., Sanook, Sharkmob, Shenzhen Domain Networks, Shenzhen Shiji Kaixuan Technology Company Limited, Shenzhen Tencent Culture Media Company Limited, Slamfire Inc., Stunlock Studios, Supercell, Supercell Oy, TME, Tencent Asset Management Limited, Tencent Cloud Computing (Beijing) Company Limited, Tencent Computer, Tencent Cyber (Shenzhen) Company Limited, Tencent Cyber (Tianjin) Company Limited, Tencent Technology, Tencent Technology (Beijing) Company Limited, Tencent Technology (Chengdu) Company Limited, Tencent Technology (Shanghai) Company Limited, Tencent Technology (Wuhan) Company Limited, Tequila Works, Turtle Rock Studios, Wake Up Interactive Ltd., Yager Development GmbH, Zam, and iFlix. Read More

OTCMKTS:TCEHY

Tencent (TCEHY) Stock Price, News & Analysis

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$48.71

-0.21 (-0.43%)

(As of 06/18/2024 ET)

Compare

Today's Range: $48.27
▼
$48.74
50-Day Range: $38.21
▼
$51.67
52-Week Range: $33.00
▼
$52.10

Volume: 1.86 million shs
Average Volume: 1.89 million shs
Market Capitalization: $458.21 billion

P/E Ratio: 25.64
Dividend Yield: 0.78%
Price Target: $46.00

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Tencent MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 5.6% Downside
$46.00 Price Target
Short Interest: Healthy
0.04% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.03
Based on 2 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.

2.30 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Tencent has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Tencent has received no research coverage in the past 90 days.
Read more about Tencent's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
0.04% of the outstanding shares of Tencent have been sold short.
Short Interest Ratio / Days to Cover
Tencent has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tencent has recently decreased by 13.84%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Tencent has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tencent does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tencent is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Tencent will have a dividend payout ratio of 12.18% next year. This indicates that Tencent will be able to sustain or increase its dividend.
Read more about Tencent's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCEHY.

2.8

News and Social Media Coverage

News Sentiment
Tencent has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Tencent this week, compared to 4 articles on an average week.
Search Interest
Only 10 people have searched for TCEHY on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
7 people have added Tencent to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tencent insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.02% of the stock of Tencent is held by institutions.
Read more about Tencent's insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Tencent are expected to grow by 19.08% in the coming year, from $2.62 to $3.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tencent is 25.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tencent is 25.64, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 246.18.
Price to Book Value per Share Ratio
Tencent has a P/B Ratio of 4.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

TCEHY Stock News Headlines

June 17 at 3:48 PM | investorplace.com

3 Cheap Tech Stocks That Could Be the Next Big Thing

May 29, 2024 | finance.yahoo.com

Tencent's New Hit Game DnF Mobile Earns $140M In First Week

June 19, 2024 | Weiss Ratings (Ad)

[Urgent] Protect your money before November

May 29, 2024 | msn.com

Tencent's new game DnF Mobile brings in over $140M in 1st week - report

May 29, 2024 | seekingalpha.com

Tencent-owned Supercell releases first mobile game in five years in search for next hit

May 29, 2024 | reuters.com

Tencent finds new hit in 'Dungeon and Fighter' mobile game after dry spell

May 28, 2024 | prnewswire.com

Tencent Deploys AI to Help Researchers Decipher Hidden Meanings in Oracle Bone Scripts

May 27, 2024 | msn.com

What's New In Consumer Tech World Last Week? News That You Should Know (May 19-May 25)

June 19, 2024 | Weiss Ratings (Ad)

[Urgent] Protect your money before November

May 23, 2024 | prnewswire.com

Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

May 22, 2024 | theglobeandmail.com

Tencent Demonstrates Longstanding Dedication to Protecting and Enhancing the Value of IP at INTA's 2024 Annual Meeting

May 21, 2024 | investorplace.com

7 Stocks to Buy Immediately Following Strong Earnings

May 20, 2024 | msn.com

Huya rises after J.P. Morgan upgrades on potential of new monetization driver

May 16, 2024 | investorplace.com

Gamer's Gold: 3 Stocks to Power Up Your Portfolio's High Score

May 14, 2024 | fool.com

How to Invest in Tencent

May 14, 2024 | fool.com

Tencent (TCEHY) Q1 2024 Earnings Call Transcript

May 14, 2024 | fool.com

Why Tencent Holdings Was Rallying Today

May 14, 2024 | msn.com

China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report

May 14, 2024 | msn.com

Tencent's Q1 revenue grows as ad sales, business services offset slower gaming

May 14, 2024 | msn.com

Tencent Non-GAAP EPS of RMB5.26, revenue of RMB159.5B

May 14, 2024 | cnbc.com

Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming

May 14, 2024 | reuters.com

China's Tencent posts strong revenue growth as ad sales and business services shine

May 13, 2024 | markets.businessinsider.com

Hong Kong Stocks: Tencent Music Exceeds Q1 Revenue Estimates, Shares Gain

May 12, 2024 | investorplace.com

Better Than Truth Social? 3 Social Media Stocks to Buy Instead.

May 9, 2024 | finance.yahoo.com

Toyota's Blockbuster Report Amid The EV Slowdown Reflect Its Determination To Catch Up On Software

May 8, 2024 | seekingalpha.com

Tencent: Still A Bargain!

May 7, 2024 | investorplace.com

The 3 Most Undervalued Chinese Stocks to Buy in May 2024

See More Headlines

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Company Calendar

Last Earnings: 5/14/2024
Ex-Dividend for 6/17 Dividend: 5/17/2024
Dividend Payable: 6/17/2024
Today: 6/18/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Computer and Technology
Industry: Miscellaneous business services
Sub-Industry: N/A
Current Symbol: OTCMKTS:TCEHY
CUSIP: N/A
CIK: 1293451
Web: www.tencent.com
Phone: 86-755-8601-3388
Fax: 86-755-8601-3399
Employees: 108,436
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: -5.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.90
Trailing P/E Ratio: 25.64
Forward P/E Ratio: 18.59
P/E Growth: N/A
Net Income: $16.30 billion
Net Margins: 21.20%
Pretax Margin: N/A
Return on Equity: 14.60%
Return on Assets: 7.24%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $86.17 billion
Price / Sales: 5.32
Cash Flow: $2.54 per share
Price / Cash Flow: 19.17
Book Value: $12.16 per share
Price / Book: 4.01

Miscellaneous

Outstanding Shares: 9,406,840,000
Free Float: N/A
Market Cap: $458.21 billion
Optionable: Not Optionable
Beta: 0.22

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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

Key Competitors

View All Competitors

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 Holdings has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
The company has a diverse portfolio of products and services, reducing dependency on any single revenue stream.
Tencent's innovative approach to technology and gaming has positioned it as a leader in the industry, attracting a large user base.
Recent strategic investments and partnerships have expanded Tencent's global presence, opening up new growth opportunities.
With a current stock price of $75.00, Tencent Holdings offers a relatively attractive entry point for investors looking to capitalize on its potential growth.

Cons

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

Regulatory challenges in China could impact Tencent's operations and growth prospects, leading to uncertainties for investors.
Increased competition in the tech and gaming sectors may put pressure on Tencent's market share and profitability.
Concerns about data privacy and security could lead to regulatory scrutiny and potential fines, affecting Tencent's reputation and financial performance.
Fluctuations in global economic conditions and currency exchange rates may impact Tencent's international revenue streams and profitability.
Investors should carefully monitor Tencent's financial reports and disclosures for any signs of slowing growth or operational challenges.

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, June 2, 2024. Please send any questions or comments about these Tencent pros and cons to contact@marketbeat.com.

TCEHY Stock Analysis - Frequently Asked Questions

Should I buy or sell Tencent stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TCEHY shares.
View TCEHY analyst ratings or view top-rated stocks.
What is Tencent's stock price target for 2024?: 2 Wall Street analysts have issued 1 year target prices for Tencent's stock. Their TCEHY share price targets range from $46.00 to $46.00. On average, they anticipate the company's stock price to reach $46.00 in the next year. This suggests that the stock has a possible downside of 5.6%.
View analysts price targets for TCEHY or view top-rated stocks among Wall Street analysts.
How have TCEHY shares performed in 2024?: Tencent's stock was trading at $37.79 on January 1st, 2024. Since then, TCEHY shares have increased by 28.9% and is now trading at $48.71.
View the best growth stocks for 2024 here.
How were Tencent's earnings last quarter?: Tencent Holdings Limited (OTCMKTS:TCEHY) issued its quarterly earnings results on Tuesday, May, 14th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The technology company had revenue of $22.28 billion for the quarter. Tencent had a trailing twelve-month return on equity of 14.60% and a net margin of 21.20%.
How often does Tencent pay dividends? What is the dividend yield for Tencent?: Tencent announced an annual dividend on Thursday, April 25th. Investors of record on Monday, May 20th will be paid a dividend of $0.3839 per share on Monday, June 17th. This represents a yield of 0.88%. The ex-dividend date is Friday, May 17th. This is a boost from the stock's previous annual dividend of $0.10.
Read our dividend analysis for TCEHY.

Is Tencent a good dividend stock?: Tencent (OTCMKTS:TCEHY) pays an annual dividend of $0.38 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCEHY will have a dividend payout ratio of 12.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TCEHY.
What ETFs hold Tencent's stock?: ETFs with the largest weight of Tencent (OTCMKTS:TCEHY) stock in their portfolio include ActivePassive International Equity ETF (APIE).AAM Transformers ETF (TRFM).
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.
Does Tencent have any subsidiaries?: The following companies are subsidiares of Tencent: 10 Chambers Collective, 1C Entertainment, APKPure Inc., Beijing BIZCOM Technology Company Limited, Beijing Starsinhand Technology Company Limited, Beijing Tencent Culture Media Company Limited, Bitauto, Cat Cake, China Literature Limited, China Music Corp, Cloudary, Comsenz, Fatshark, Funcom Games, Grinding Gear Games, HUYA, Inflexion Games, Klei Entertainment, Leyou Group, Linktech Navi, Miniclip SA, Nanjing Wang Dian Technology Company Limited, Riot Games, Riot Games Inc., Sanook, Sharkmob, Shenzhen Domain Networks, Shenzhen Shiji Kaixuan Technology Company Limited, Shenzhen Tencent Culture Media Company Limited, Slamfire Inc., Stunlock Studios, Supercell, Supercell Oy, TME, Tencent Asset Management Limited, Tencent Cloud Computing (Beijing) Company Limited, Tencent Computer, Tencent Cyber (Shenzhen) Company Limited, Tencent Cyber (Tianjin) Company Limited, Tencent Technology, Tencent Technology (Beijing) Company Limited, Tencent Technology (Chengdu) Company Limited, Tencent Technology (Shanghai) Company Limited, Tencent Technology (Wuhan) Company Limited, Tequila Works, Turtle Rock Studios, Wake Up Interactive Ltd., Yager Development GmbH, Zam, and iFlix.
Read More