Tencent Holdings Limited (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 $56.31 and traded as high as $62.31. Tencent shares last traded at $61.98, with a volume of 1,832,312 shares changing hands.
Analyst Ratings Changes
Separately, Barclays reiterated an "overweight" rating and set a $88.00 price target on shares of Tencent in a research note on Thursday, March 20th.
Read Our Latest Research Report on TCEHY
Tencent Price Performance
The company's 50 day moving average is $62.53 and its 200 day moving average is $56.41. The stock has a market cap of $561.96 billion, a price-to-earnings ratio of 32.14 and a beta of 0.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33.
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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