Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.33 and traded as high as $64.92. Tencent shares last traded at $64.62, with a volume of 1,921,063 shares.
Analyst Ratings Changes
Separately, Barclays reissued an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on Tencent
Tencent Price Performance
The business's 50 day moving average is $63.34 and its two-hundred day moving average is $59.33. 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 firm has a market cap of $593.87 billion, a P/E ratio of 21.91 and a beta of 0.11.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The technology company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.12). The business had revenue of $25 billion for the quarter, compared to the consensus estimate of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. As a group, analysts anticipate that Tencent Holding Ltd. will post 2.74 earnings per share for the current year.
Tencent Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.5102 per share. This is an increase from Tencent's previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.77%. Tencent's dividend payout ratio (DPR) is 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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