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. Aktie
43,25 €
0,58 %
Die Tencent Holdings Ltd. Aktie hat nicht genug Feedback für eine deutliche Meinung.
Ein negatives Potenzial von -7.51% für Tencent Holdings Ltd., trotz eines niedrigeren Kursziels von 40 € als 43.25 €.
