Tencent Holding Ltd. (OTCMKTS:TCEHY - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $61.19 and traded as high as $67.80. Tencent shares last traded at $67.69, with a volume of 2,299,794 shares traded.
Analyst Upgrades and Downgrades
Separately, Barclays reiterated an "overweight" rating on shares of Tencent in a report on Thursday, May 15th.
Get Our Latest Report on Tencent
Tencent Price Performance
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $643.25 billion, a price-to-earnings ratio of 23.79 and a beta of 0.11. The company has a 50 day moving average of $65.31 and a 200 day moving average of $61.76.
Tencent (OTCMKTS:TCEHY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). The company had revenue of $25 billion for the quarter, compared to analyst estimates of $24.19 billion. Tencent had a return on equity of 19.82% and a net margin of 29.39%. As a group, equities research analysts anticipate that Tencent Holding Ltd. will post 2.74 EPS for the current year.
Tencent Increases Dividend
The company also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.5102 per share. This represents a yield of 0.77%. The ex-dividend date of this dividend was Monday, May 19th. This is a boost from Tencent's previous dividend of $0.27. Tencent's payout ratio is 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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