Tencent (OTCMKTS:TCEHY) Stock Crosses Above Two Hundred Day Moving Average of $37.98

Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.98 and traded as high as $41.12. Tencent shares last traded at $41.02, with a volume of 3,855,136 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price target on Tencent from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st.

Tencent Price Performance

The business has a 50 day moving average of $37.62 and a 200 day moving average of $38.05. The firm has a market capitalization of $414.18 billion, a price-to-earnings ratio of 26.26 and a beta of 0.32.

Tencent (OTCMKTS:TCEHY) last issued its earnings results on Wednesday, March 20th. The technology company reported $0.52 EPS for the quarter. The business had revenue of $21.54 billion during the quarter. Tencent had a return on equity of 14.60% and a net margin of 18.88%. On average, sell-side analysts forecast that Tencent Holdings Limited will post 2.68 EPS for the current fiscal year.

About Tencent

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.