Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $72.72 and last traded at $72.67, with a volume of 279567 shares trading hands. The stock had previously closed at $71.51.
Wall Street Analyst Weigh In
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a report on Thursday, May 15th.
Check Out Our Latest Report on TCEHY
Tencent Stock Down 0.4%
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a market cap of $657.00 billion, a PE ratio of 24.30 and a beta of 0.09. The firm's 50 day moving average is $66.40 and its 200-day moving average is $63.31.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.12). Tencent had a net margin of 29.39% and a return on equity of 19.82%. The firm had revenue of $25 billion for the quarter, compared to analysts' expectations of $24.19 billion. As a group, equities research analysts expect that Tencent Holding Ltd. will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The business also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were given a dividend of $0.5102 per share. This represents a yield of 77.0%. This is a positive change from Tencent's previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. Tencent's dividend payout ratio (DPR) is currently 16.95%.
About Tencent
(
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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.
Further Reading
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