Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.05 and traded as high as $65.98. Tencent shares last traded at $65.35, with a volume of 2,027,274 shares changing hands.
Wall Street Analyst Weigh In
Separately, Barclays reaffirmed an "overweight" rating and set a $88.00 price target on shares of Tencent in a research report on Thursday, March 20th.
Check Out Our Latest Stock Report on Tencent
Tencent Trading Down 2.2 %
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 business has a 50-day simple moving average of $60.35 and a two-hundred day simple moving average of $55.32. The stock has a market cap of $596.81 billion, a price-to-earnings ratio of 34.22 and a beta of 0.16.
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.
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