Tencent closes flat after seven sessions of gains

Tencent (OTCPK:TCEHY [https://seekingalpha.com/symbol/TCEHY]) shares were flat at $86.65 on Friday, after seven straight sessions of gains.

The company gained nearly 5% in the past seven trading sessions. The stock closed nearly 1% higher, at $86.57 on Thursday. TCEHY is up over 12% over the past one month.

As per the Seeking Alpha's Quant Ratings, TCEHY has a Hold [https://seekingalpha.com/symbol/TCEHY/ratings/quant-ratings] rating with a score of 3.47 out of 5. The company received A+ for profitability and an A for momentum, revisions and growth, but an F grade in valuation dragged down the rating.

However, Seeking Alpha analysts [https://seekingalpha.com/symbol/TCEHY/ratings/author-ratings] and Wall Street analysts [https://seekingalpha.com/symbol/TCEHY/ratings/sell-side-ratings] are bullish and rated the stock as Buy.

Seeking Alpha analyst Daniel Schönberger rated [https://seekingalpha.com/article/4818072-accelerating-growth-in-ai-and-cloud-makes-tencent-still-a-buy] the stock as Buy, stating that the company offers solid 10%+ annual return potential, supported by resilient, diversified growth.

“AI-driven advertising and gaming, plus international cloud expansion, are fueling broad-based growth and margin improvement,” noted Schönberger.

The stock has surged [https://seekingalpha.com/symbol/TCEHY/charting?interval=YTD] nearly 63% so far this year, outperforming the broader benchmark index, which gained over 14% during the same period.

MORE ON TENCENT

* Accelerating Growth In AI And Cloud Makes Tencent Still A Buy [https://seekingalpha.com/article/4818072-accelerating-growth-in-ai-and-cloud-makes-tencent-still-a-buy]
* Tencent: Good Prospects, Priced In For Now [https://seekingalpha.com/article/4816777-tencent-good-prospects-priced-in-for-now]
* SA Asks: What's the most attractive cloud stock right now? [https://seekingalpha.com/news/4499692-sa-asks-whats-the-most-attractive-cloud-stock-right-now]
* Chinese tech stocks extend rally as AI spending spree intensifies [https://seekingalpha.com/news/4495527-chinese-tech-stocks-extend-rally-as-ai-spending-spree-intensifies]