Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.55 and traded as high as $53.91. Tencent shares last traded at $53.17, with a volume of 2,584,326 shares trading hands.
Wall Street Analyst Weigh In
Separately, New Street Research raised shares of Tencent to a "strong-buy" rating in a report on Monday, September 9th.
Read Our Latest Analysis on Tencent
Tencent Stock Performance
The stock's 50 day moving average is $53.09 and its two-hundred day moving average is $49.55. 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 stock has a market cap of $493.40 billion, a price-to-earnings ratio of 24.06 and a beta of 0.19.
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 for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. The firm had revenue of $22.25 billion for the quarter. Tencent had a return on equity of 19.06% and a net margin of 24.22%. Analysts anticipate that Tencent Holdings Limited will post 2.74 earnings per share for the current fiscal year.
About Tencent
(
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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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