Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
Wall Street Analyst Weigh In
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a report on Thursday, May 15th.
Get Our Latest Stock Analysis on Tencent
Tencent Stock Down 1.0%
The company has a market capitalization of $588.19 billion, a PE ratio of 21.69 and a beta of 0.11. 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 50-day moving average of $63.65 and a two-hundred day moving average of $59.61.
Tencent (OTCMKTS:TCEHY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.12). The business had revenue of $25 billion during the quarter, compared to analysts' expectations of $24.19 billion. Tencent had a return on equity of 19.82% and a net margin of 29.39%. Equities research analysts predict that Tencent Holding Ltd. will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were given a $0.5102 dividend. This represents a yield of 0.77%. This is a positive change from Tencent's previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. Tencent's dividend payout ratio is presently 16.95%.
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.
Further Reading
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