Tencent Stock: Bear vs. Bull
Tencent (OTC: TCEHY) posted its second-quarter report on Aug. 16. The Chinese tech giant's revenue rose 11% year over year to 149.2 billion yuan ($20.6 billion) but missed analysts' estimates by 2.5 billion yuan. Its net profit grew 41% to 26.2 billion yuan ($3.6 billion), but also missed the consensus forecast by 7.3 billion yuan. Tencent's stock dipped slightly after the report, but it remains up 3% for the year.
Let's review the key numbers and see if the bulls or bears are likely to gain the upper hand in the period ahead.
Image source: Getty Images.
Source Fool.com
Tencent Holdings Ltd. Stock
€53.80
1.500%
Our community is currently high on Tencent Holdings Ltd. with 4 Buy predictions and 1 Sell predictions.
With a target price of 55 € there is a slightly positive potential of 2.23% for Tencent Holdings Ltd. compared to the current price of 53.8 €.
