Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) shares 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.
Analyst Upgrades and Downgrades
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a research note on Thursday, May 15th.
Get Our Latest Stock Report on TCEHY
Tencent Stock Performance
The firm has a market cap of $606.71 billion, a PE ratio of 34.75 and a beta of 0.11. The firm has a fifty day moving average price of $62.17 and a 200 day moving average price of $58.56. 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 (OTCMKTS:TCEHY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.12). The company had revenue of $25 billion during the quarter, compared to analysts' expectations of $24.19 billion. Tencent had a net margin of 24.22% and a return on equity of 19.06%. As a group, equities research analysts expect that Tencent Holdings Limited will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 20th will be issued a $0.5102 dividend. This is a positive change from Tencent's previous dividend of $0.27. This represents a yield of 0.77%. The ex-dividend date is Monday, May 19th. Tencent's payout ratio is 16.95%.
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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