The Tencent Holdings (HKG:700) share price has risen by 19.0% over the past month and it’s currently trading at 539. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Tencent Holdings currently has:
- 20 Buy recommendations
- 2 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
What else can I look at?
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Tencent Holdings it's worth doing some investigation yourself.
There are all sorts of factors that could affect Tencent Holdings's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Tencent Holdings – you might discover some surprising things you didn’t know.