Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $57.04 and traded as high as $66.11. Tencent shares last traded at $65.61, with a volume of 2,367,728 shares.
Analysts Set New Price Targets
Separately, Barclays restated an "overweight" rating and issued a $88.00 price objective on shares of Tencent in a research note on Thursday, March 20th.
Read Our Latest Research Report on Tencent
Tencent Stock Performance
The stock has a market capitalization of $603.83 billion, a price-to-earnings ratio of 34.53 and a beta of 0.11. The firm has a fifty day moving average of $62.57 and a 200 day moving average of $57.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33.
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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