Tencent Holdings news, analyst recommendations, financials.
Tencent Holdings Limited is a Chinese multinational technology conglomerate that provides internet-related services and products, entertainment, artificial intelligence, and technology both in China and globally. The company is one of the largest internet companies in the world and has a market capitalization of 3.196 billion USD. Sales for 2022 are estimated to be 555 billion USD, with a net income of 112 billion USD and net cash of 87.874 million USD. The P/E ratio for 2022 is 29.3x and the yield is 0.35%.
Analysts recommend buying Tencent Holdings Limited with an average target price of 360.09 CNY. The short-term, mid-term, and long-term trends are all bullish. Technical analysis trends indicate a bullish outlook for the stock. The company’s income statement evolution shows an increase in sales and net income over the past few years.
Tencent Holdings Limited is a leader in the internet and technology industry and is well-positioned to continue its success in the future. Investors should consider the company’s strong fundamentals, bullish trends, and analyst recommendations when making their investment decisions.
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