Tencent Holding Ltd. (OTCMKTS:TCEHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “Tencent Holdings Limited is an Internet service portal. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent’s leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. It has brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Tencent Holdings Limited is headquartered in Shenzhen, the People’s Republic of China. “
Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Tencent Holding in a report on Thursday, September 1st.
Tencent Holding (OTCMKTS:TCEHY) opened at 24.80 on Friday. Tencent Holding has a one year low of $16.76 and a one year high of $28.24. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00.