Brokers upbeat on Tongcheng-elong Holdings despite economic uncertainty

The Tongcheng-elong Holdings (HKG:780) share price has risen by 6.55% over the past month and it’s currently trading at 12.02. 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, Tongcheng-elong Holdings currently has:

• 7 Buy recommendations
• 1 Hold recommendations
• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 12.02, shares in Tongcheng-elong Holdings are trading at a discount of -25.1% to its 52 week high price. The 1-year performance of the shares has been -25.6%.

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 Tongcheng-elong Holdings it's worth doing some investigation yourself.

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 Tongcheng Travel Holdings it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Tongcheng Travel Holdings that you can find out about here.