Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.
Analysts Set New Price Targets
Separately, Barclays reaffirmed an "overweight" rating on shares of Tencent in a research note on Thursday, May 15th.
View Our Latest Research Report on Tencent
Tencent Stock Performance
The firm has a market capitalization of $597.47 billion, a PE ratio of 22.04 and a beta of 0.11. The business has a 50-day simple moving average of $64.18 and a 200-day simple moving average of $59.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 1.30.
Tencent (OTCMKTS:TCEHY - Get Free Report) last released its earnings results on Wednesday, May 14th. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.12). The company had revenue of $25 billion for the quarter, compared to the consensus estimate of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. Equities research analysts expect that Tencent Holding Ltd. will post 2.74 earnings per share for the current fiscal year.
Tencent Increases Dividend
The company also recently declared a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were paid a dividend of $0.5102 per share. The ex-dividend date was Monday, May 19th. This is a boost from Tencent's previous dividend of $0.27. This represents a dividend yield of 0.77%. Tencent's payout ratio is currently 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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