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Tencent (OTCMKTS:TCEHY) Sets New 12-Month High - Still a Buy?

Tencent logo with Computer and Technology background

Key Points

  • Tencent's stock reached a new 52-week high of $82.95 during trading, closing at $82.84 with a trading volume of 71,660 shares.
  • The company has a market capitalization of $761.12 billion and a price-to-earnings ratio of 26.85, indicating strong financial health.
  • Tencent provides a range of services including online advertising, fintech, and digital content, positioning it as a key player in the tech industry both in China and internationally.
  • Five stocks to consider instead of Tencent.

Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $82.95 and last traded at $82.84, with a volume of 71660 shares trading hands. The stock had previously closed at $82.30.

Tencent Stock Down 0.2%

The firm has a 50 day moving average price of $74.14 and a two-hundred day moving average price of $67.34. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $756.30 billion, a price-to-earnings ratio of 26.68 and a beta of 0.11.

About Tencent

(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.

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