Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) shares 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 traded.
Analyst Upgrades and Downgrades
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th.
View Our Latest Research Report on Tencent
Tencent Price Performance
The stock's 50-day moving average is $64.77 and its 200 day moving average is $60.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $587.10 billion, a PE ratio of 21.69 and a beta of 0.11.
Tencent (OTCMKTS:TCEHY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The technology company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). Tencent had a net margin of 29.39% and a return on equity of 19.82%. The firm had revenue of $25 billion for the quarter, compared to analysts' expectations of $24.19 billion. On average, equities analysts anticipate that Tencent Holding Ltd. will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The company also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were given a dividend of $0.5102 per share. This is a boost from Tencent's previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 0.77%. Tencent's dividend payout ratio is presently 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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