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Zacks Investment Research

Zacks Investment Research

All You Need to Know About Tencent (TCEHY) Rating Upgrade to Strong Buy

Zacks Investment Research
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Tencent Holding Ltd. ( TCEHY ) recently upgraded to a Zacks Rank # 1 (Strong Buy) This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating upgrade for Tencent basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.