TENCENT HLDGS UNSP (NASDAQ:TCEHY) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Separately, analysts at Credit Suisse initiated coverage on shares of TENCENT HLDGS UNSP in a research note to investors on Thursday, September 26th. They set a “neutral” rating on the stock.
Shares of TENCENT HLDGS UNSP (NASDAQ:TCEHY) traded up 0.67% during mid-day trading on Tuesday, hitting $60.45. 95,312 shares of the company’s stock traded hands. TENCENT HLDGS UNSP has a 52-week low of $29.84 and a 52-week high of $60.18. The stock’s 50-day moving average is $55.35 and its 200-day moving average is $48.15. The company has a market cap of $111.1 billion and a P/E ratio of 46.70.
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