Tencent (OTCMKTS:TCEHY) Sets New 52-Week High - Here's What Happened

Key Points

• Tencent Holdings Ltd. recently achieved a new 52-week high, trading as high as $79.23, showcasing a positive movement in its stock performance.
• Barclays has upgraded its rating to "overweight" on Tencent, with an average target price of $88.00, indicating strong investor confidence.
• The company maintains a market capitalization of $726.90 billion and has solid financial metrics, including a low debt-to-equity ratio of 0.27.

Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $79.23 and last traded at $78.98, with a volume of 549470 shares. The stock had previously closed at $77.67.

Tencent Stock Up 0.3%

The stock's fifty day moving average is $72.54 and its two-hundred day moving average is $66.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.27. The firm has a market cap of $754.88 billion, a P/E ratio of 26.63 and a beta of 0.11.

About Tencent

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.