Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.83 and traded as high as $54.07. Tencent shares last traded at $53.12, with a volume of 4,515,418 shares.
Analyst Ratings Changes
Separately, New Street Research raised shares of Tencent to a "strong-buy" rating in a research report on Monday, September 9th.
Read Our Latest Report on TCEHY
Tencent Price Performance
The company has a 50-day moving average price of $51.09 and a 200-day moving average price of $47.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market capitalization of $503.33 billion, a PE ratio of 28.29 and a beta of 0.18.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The company had revenue of $22.25 billion during the quarter. Tencent had a net margin of 24.22% and a return on equity of 19.06%. Sell-side analysts forecast that Tencent Holdings Limited will post 2.74 EPS for the current year.
About Tencent
(
Get Free Report)
Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.
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