Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $56.31 and traded as high as $62.31. Tencent shares last traded at $61.98, with a volume of 1,832,312 shares.
Analyst Ratings Changes
Separately, Barclays reaffirmed an "overweight" rating and issued a $88.00 price target on shares of Tencent in a report on Thursday, March 20th.
Read Our Latest Stock Report on Tencent
Tencent Trading Down 1.4 %
The firm has a market capitalization of $560.67 billion, a PE ratio of 32.06 and a beta of 0.14. The firm's 50-day simple moving average is $62.73 and its 200-day simple moving average is $56.35. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.31.
Tencent Company Profile
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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.
Further Reading
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