Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $76.88 and last traded at $76.68, with a volume of 1250045 shares changing hands. The stock had previously closed at $71.77.
Analysts Set New Price Targets
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a research note on Thursday, May 15th.
Check Out Our Latest Research Report on TCEHY
Tencent Stock Up 7.0%
The firm has a 50 day moving average price of $66.69 and a two-hundred day moving average price of $63.61. The firm has a market capitalization of $703.92 billion, a price-to-earnings ratio of 26.03 and a beta of 0.09. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The technology company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.12). The company had revenue of $25 billion for the quarter, compared to analysts' expectations of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. On average, equities analysts expect that Tencent Holding Ltd. will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were issued a dividend of $0.5102 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 77.0%. This is a positive change from Tencent's previous dividend of $0.27. Tencent's payout ratio is 16.95%.
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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