Tencent (OTCMKTS:TCEHY) Shares Pass Above 200-Day Moving Average - Here's Why

Shares of Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.83 and traded as high as $63.72. Tencent shares last traded at $63.66, with a volume of 1,035,899 shares trading hands.

Wall Street Analyst Weigh In

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

Tencent Stock Down 0.2%

The company has a market cap of $606.03 billion, a PE ratio of 22.41 and a beta of 0.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.30. The company's fifty day moving average is $64.97 and its 200-day moving average is $60.99.

Tencent (OTCMKTS:TCEHY - Get Free Report) last posted its earnings results 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 the consensus estimate of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. On average, analysts predict that Tencent Holding Ltd. will post 2.74 EPS for the current year.

Tencent Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.5102 per share. This is an increase from Tencent's previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 0.77%. Tencent's 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.