Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $58.28 and traded as high as $64.28. Tencent shares last traded at $64.20, with a volume of 2,481,025 shares traded.
Analyst Upgrades and Downgrades
Separately, Barclays reissued an "overweight" rating on shares of Tencent in a report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on Tencent
Tencent Stock Up 2.3%
The firm has a 50 day moving average of $62.09 and a two-hundred day moving average of $58.32. The stock has a market capitalization of $603.99 billion, a PE ratio of 34.59 and a beta of 0.11. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.
Tencent Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be given a $0.5102 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 0.77%. This is a boost from Tencent's previous dividend of $0.27. Tencent's dividend payout ratio (DPR) is currently 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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