Tencent Holdings Ltd
Change company Symbol lookup
Select an option...
TCEHY Tencent Holdings Ltd
BLSP Blue Sphere Corp
AM Antero Midstream Corp
RCHN Rouchon Industries Inc
FNMA Federal National Mortgage Association
GME GameStop Corp
MNTX Manitex International Inc
ACMR ACM Research Inc
DEA Easterly Government Properties Inc
NBSTU Newbury Street Acquisition Corp
Go

Communication Services : Interactive Media & Services | Large Cap Blend
Based in China
Company profile

Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms. The Online Advertising segment is mainly engaged in display based and performance based advertisements. The Others segment is mainly involved in provision of payment related services, cloud services and other services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$59.10
Day's Change
-0.29 (-0.49%)
Bid
--
Ask
--
B/A Size
--
Day's High
59.18
Day's Low
57.84
Volume
(Average)
Volume:
6,262,205

10-day average volume:
5,984,130
6,262,205

Micron upgraded back to a buy at Mizuho, just one month after it was downgraded

11:55 am ET November 23, 2021 (MarketWatch)
Print

By Tomi Kilgore

'Actual' demand is improving across all markets

Shares of Micron Technology Inc. rallied toward a near seven-month high Tuesday, after Mizuho analyst Vijay Rakesh went back to being bullish on the memory chip maker on surprisingly improving demand trends, which should provide a tailwind for Micron, as well as Western Digital Corp., into next year.

Rakesh upgraded Micron (MU) to buy, after downgrading it to neutral on Oct. 20. He boosted his stock price target to $95 from $75.

When Rakesh downgraded Micron last month, he cited expectations of a soft demand outlook for the first half of 2022 for PCs and notebooks, server and handset markets.

"However, our recent checks indicate the 'ACTUAL' demand is improving across all three markets," Rakesh wrote in a research note, with first-quarter PC/NB builds "only" flat to down 5% from the previous quarter, compared with expectations of a 10% to 15% decline and handsets flat versus expectations of down 10%. He also believes server demand could improve.

Micron's stock ran up 2.0% in midday trading, putting it on track of the highest close since May 7. It had soared 22.8% from the Oct. 20 close through Monday, while the PHLX Semiconductor Index had run up 14.0% and the S&P 500 index had gained 3.2%.

Rakesh also upgraded Western Digital (WDC) to buy after downgrading it to neutral last month, while boosting his price target to $75 from $55. The stock ran up 5.6% in midday trading, after edging up just 0.9% from Oct. 20 through Monday.

"We now see potentially better-than-expected pricing trends in 1Q22 and 2Q22," Rakesh wrote. "We believe 2H22 could see memory pricing stabilize further if PC build trends continue to outperform."

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 23, 2021 11:55 ET (16:55 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.