Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.45 and traded as high as $52.35. Tencent shares last traded at $51.52, with a volume of 1,915,215 shares changing hands.
Wall Street Analyst Weigh In
Separately, New Street Research upgraded shares of Tencent to a "strong-buy" rating in a research report on Monday, September 9th.
Get Our Latest Research Report on Tencent
Tencent Stock Up 3.0 %
The firm has a market cap of $491.92 billion, a P/E ratio of 27.94 and a beta of 0.18. The firm's 50 day moving average is $52.88 and its two-hundred day moving average is $50.47. The company has a current ratio of 1.35, a quick ratio of 1.33 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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