Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $65.58 and traded as high as $77.85. Tencent shares last traded at $77.59, with a volume of 2,052,668 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Barclays reiterated an "overweight" rating on shares of Tencent in a report on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average price target of $88.00.
Check Out Our Latest Analysis on Tencent
Tencent Price Performance
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $695.83 billion, a price-to-earnings ratio of 24.55 and a beta of 0.11. The stock's 50-day simple moving average is $70.35 and its two-hundred day simple moving average is $65.96.
Tencent Company Profile
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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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