Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $59.84 and traded as high as $65.86. Tencent shares last traded at $65.20, with a volume of 1,456,895 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barclays reiterated an "overweight" rating on shares of Tencent in a research note on Thursday, May 15th.
Get Our Latest Research Report on TCEHY
Tencent Stock Down 0.8%
The company has a market capitalization of $591.84 billion, a PE ratio of 21.86 and a beta of 0.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $64.45 and a two-hundred day simple moving average of $60.11.
Tencent (OTCMKTS:TCEHY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). The firm had revenue of $25 billion during the quarter, compared to analysts' expectations of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. Research analysts expect that Tencent Holding Ltd. will post 2.74 EPS for the current year.
Tencent Increases Dividend
The company 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. The ex-dividend date was Monday, May 19th. This represents a yield of 0.77%. This is an increase from Tencent's previous dividend of $0.27. Tencent's dividend payout ratio (DPR) 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.
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