Erste Group Bank Raises Earnings Estimates for Tencent

Tencent Holding Ltd. (OTCMKTS:TCEHY) – Research analysts at Erste Group Bank upped their FY2026 earnings per share estimates for Tencent in a research report issued to clients and investors on Tuesday, May 12th. Erste Group Bank analyst H. Engel now anticipates that the technology company will post earnings per share of $4.14 for the year, up from their previous forecast of $4.10. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tencent’s current full-year earnings is $4.06 per share. Erste Group Bank also issued estimates for Tencent’s FY2027 earnings at $4.56 EPS.

TCEHY has been the topic of several other research reports. Barclays reaffirmed an “overweight” rating and issued a $106.00 price objective on shares of Tencent in a research note on Thursday. Zacks Research downgraded Tencent from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Tencent Stock Down 2.1%

OTCMKTS TCEHY opened at $57.43 on Tuesday. The stock’s 50-day moving average price is $63.71 and its 200-day moving average price is $71.95. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. Tencent has a 52 week low of $57.01 and a 52 week high of $87.68. The company has a market capitalization of $523.65 billion, a P/E ratio of 16.04 and a beta of 0.29.

About Tencent

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.