The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a HK$675.33 average price target, a 53.48% upside from current levels. In a report released yesterday, CGS International also maintained a Buy rating on the stock with a HK$688.50 price target.
Based on Tencent Holdings ‘s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$194.68 billion and a net profit of HK$57.57 billion. In comparison, last year the company earned a revenue of HK$180.02 billion and had a net profit of HK$47.82 billion
