Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $72.72 and last traded at $72.67, with a volume of 279567 shares traded. The stock had previously closed at $71.51.
Wall Street Analyst Weigh In
Separately, Barclays reissued an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th.
Check Out Our Latest Analysis on Tencent
Tencent Stock Performance
The stock has a fifty day simple moving average of $65.88 and a 200-day simple moving average of $62.83. The stock has a market cap of $668.91 billion, a P/E ratio of 24.74 and a beta of 0.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.30 and a current ratio of 1.30.
Tencent (OTCMKTS:TCEHY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). Tencent had a return on equity of 19.82% and a net margin of 29.39%. The firm had revenue of $25 billion for the quarter, compared to the consensus estimate of $24.19 billion. On average, equities analysts expect that Tencent Holding Ltd. will post 2.74 earnings per share for the current year.
Tencent Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were paid a $0.5102 dividend. This is a positive change from Tencent's previous dividend of $0.27. This represents a dividend yield of 77.0%. The ex-dividend date of this dividend was Monday, May 19th. Tencent's payout ratio is presently 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.
Further Reading
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