Shares of Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.51 and traded as high as $48.64. Tencent shares last traded at $48.46, with a volume of 1,663,176 shares trading hands.
Analyst Ratings Changes
Separately, Barclays cut their price target on shares of Tencent from $50.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday, January 31st.
Get Our Latest Analysis on TCEHY
Tencent Stock Up 0.3 %
The business's 50-day simple moving average is $42.81 and its two-hundred day simple moving average is $39.51. The firm has a market cap of $456.47 billion, a price-to-earnings ratio of 25.51 and a beta of 0.27.
Tencent (OTCMKTS:TCEHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The business had revenue of $22.28 billion during the quarter. Tencent had a net margin of 21.20% and a return on equity of 14.60%. On average, analysts expect that Tencent Holdings Limited will post 2.68 earnings per share for the current year.
Tencent Increases Dividend
The business also recently declared an annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, May 20th will be given a dividend of $0.3839 per share. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from Tencent's previous annual dividend of $0.10. Tencent's dividend payout ratio is 20.00%.
Tencent Company Profile
(
Get Free Report)
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.
Read More
Before you consider Tencent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tencent wasn't on the list.
While Tencent currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.