Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $58.80 and traded as high as $65.83. Tencent shares last traded at $65.73, with a volume of 2,593,918 shares.

Analysts Set New Price Targets

Separately, Barclays reissued an "overweight" rating on shares of Tencent in a report on Thursday, May 15th.

Tencent Stock Down 0.1%

The firm's 50 day moving average price is $62.36 and its two-hundred day moving average price is $58.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a market cap of $603.51 billion, a price-to-earnings ratio of 34.56 and a beta of 0.11.

Tencent (OTCMKTS:TCEHY - Get Free Report) last issued 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 firm 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, sell-side analysts forecast that Tencent Holdings Limited will post 2.74 earnings per share for the current fiscal year.

Tencent Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.5102 per share. This is a positive change from Tencent's previous dividend of $0.27. This represents a yield of 0.77%. The ex-dividend date of this dividend is Monday, May 19th. Tencent's dividend payout ratio is presently 16.95%.

Tencent Company Profile

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.