Shares of Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $55.84 and traded as high as $64.93. Tencent shares last traded at $64.02, with a volume of 1,278,871 shares changing hands.
Wall Street Analyst Weigh In
Separately, Barclays restated an "overweight" rating and issued a $88.00 price target on shares of Tencent in a research report on Thursday, March 20th.
Get Our Latest Stock Analysis on Tencent
Tencent Stock Performance
The stock has a market capitalization of $551.00 billion, a P/E ratio of 31.53 and a beta of 0.16. The stock has a 50 day simple moving average of $61.85 and a two-hundred day simple moving average of $55.90. 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.
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