Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s stock price crossed 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 changing hands.
Analysts Set New Price Targets
Separately, Barclays restated an "overweight" rating on shares of Tencent in a research note on Thursday.
Read Our Latest Stock Analysis on TCEHY
Tencent Price Performance
The stock has a 50-day simple moving average of $62.54 and a 200 day simple moving average of $57.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. The company has a market cap of $607.33 billion, a P/E ratio of 34.73 and a beta of 0.11.
Tencent Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be given a $0.5102 dividend. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 0.77%. This is an increase from Tencent's previous dividend of $0.27. Tencent's dividend payout ratio (DPR) is currently 17.29%.
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.
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