Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.92 and traded as high as $52.41. Tencent shares last traded at $52.21, with a volume of 1,946,458 shares changing hands.
Analyst Upgrades and Downgrades
Separately, New Street Research raised shares of Tencent to a "strong-buy" rating in a report on Monday, September 9th.
Check Out Our Latest Analysis on TCEHY
Tencent Stock Up 2.7 %
The company has a market cap of $497.39 billion, a price-to-earnings ratio of 24.25 and a beta of 0.18. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $52.50 and a two-hundred day moving average price of $49.02.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $22.25 billion during the quarter. Tencent had a return on equity of 19.06% and a net margin of 24.22%. On average, equities analysts predict that Tencent Holdings Limited will post 2.74 earnings per share 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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