Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.84 and traded as high as $64.93. Tencent shares last traded at $64.02, with a volume of 1,278,871 shares traded.
Analyst Ratings Changes
Separately, Barclays reiterated an "overweight" rating and set a $88.00 price target on shares of Tencent in a research report on Thursday, March 20th.
Read Our Latest Stock Analysis on Tencent
Tencent Price Performance
The firm's 50 day simple moving average is $62.13 and its two-hundred day simple moving average is $56.13. The firm has a market capitalization of $508.32 billion, a P/E ratio of 29.09 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.
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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