Barclays Reaffirms Their Buy Rating on Tencent

By Ryan Adsit

In a report released yesterday, Gregory Zhao from Barclays maintained a Buy rating on Tencent (Other OTC: TCEHY), with a price target of $65. The company’s shares closed yesterday at $52.65.

Zhao has an average return of 24.2% when recommending Tencent.

According to TipRanks.com, Zhao is ranked #1579 out of 4801 analysts.

Tencent has an analyst consensus of Strong Buy, with a price target consensus of $65.

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The company has a one-year high of $61 and a one-year low of $33.65. Currently, Tencent has an average volume of 4.49M.

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