Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $69.50 and traded as high as $80.99. Tencent shares last traded at $80.25, with a volume of 1,853,208 shares trading hands.
Analysts Set New Price Targets
Separately, Itau BBA Securities initiated coverage on Tencent in a report on Tuesday, October 7th. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $88.00.
Read Our Latest Stock Analysis on TCEHY
Tencent Stock Down 1.7%
The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.27. The stock has a market cap of $734.53 billion, a PE ratio of 25.97 and a beta of 0.12. The business has a 50 day moving average price of $79.87 and a 200 day moving average price of $69.50.
Tencent Company Profile
(
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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