Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $50.68 and traded as high as $54.44. Tencent shares last traded at $54.11, with a volume of 725,052 shares traded.
Analyst Upgrades and Downgrades
Separately, New Street Research upgraded shares of Tencent to a "strong-buy" rating in a report on Monday, September 9th.
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Tencent Stock Performance
The company has a market capitalization of $496.74 billion, a PE ratio of 28.21 and a beta of 0.18. The firm has a 50-day moving average of $52.82 and a two-hundred day moving average of $50.72. 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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