Tencent Holdings Limited (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 $57.71 and traded as high as $65.90. Tencent shares last traded at $65.76, with a volume of 1,432,170 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Barclays reissued an "overweight" rating on shares of Tencent in a research report on Thursday, May 15th.
Check Out Our Latest Analysis on Tencent
Tencent Stock Down 0.7%
The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. The stock has a market cap of $600.80 billion, a PE ratio of 34.36 and a beta of 0.11. The firm has a fifty day moving average of $62.25 and a 200 day moving average of $57.89.
Tencent Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be issued a $0.5102 dividend. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 0.77%. This is an increase from Tencent's previous dividend of $0.27. Tencent's dividend payout ratio is presently 17.29%.
About Tencent
(
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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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