Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.32 and traded as high as $63.83. Tencent shares last traded at $63.57, with a volume of 846,852 shares.
Analyst Upgrades and Downgrades
Separately, Barclays reiterated an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th.
View Our Latest Analysis on Tencent
Tencent Stock Performance
The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $583.30 billion, a PE ratio of 21.55 and a beta of 0.11. The firm's 50-day simple moving average is $64.67 and its 200-day simple moving average is $60.32.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). The firm had revenue of $25 billion during the quarter, compared to analysts' expectations of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. On average, research analysts predict that Tencent Holding Ltd. will post 2.74 earnings per share for the current year.
Tencent Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th were issued a $0.5102 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.77%. This is a positive change from Tencent's previous dividend of $0.27. Tencent's payout ratio is currently 16.95%.
About Tencent
(
Get Free Report)
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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