Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $64.64 and traded as high as $76.48. Tencent shares last traded at $76.46, with a volume of 1,090,550 shares.
Analyst Ratings Changes
Separately, Barclays reiterated an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus target price of $88.00.
Read Our Latest Report on Tencent
Tencent Trading Up 1.9%
The firm has a market capitalization of $712.89 billion, a price-to-earnings ratio of 25.20 and a beta of 0.09. 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's 50 day moving average is $68.34 and its 200 day moving average is $64.88.
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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