Tencent (OTCMKTS:TCEHY) Stock Price Passes Above Two Hundred Day Moving Average of $79.34
Tencent Holdings Limited (OTCMKTS:TCEHY) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $79.34 and traded as high as $84.98. Tencent shares last traded at $84.65, with a volume of 2,136,100 shares traded.
TCEHY has been the subject of several research reports. Barclays raised their price objective on Tencent from $89.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 16th. Mizuho reissued a “buy” rating on shares of Tencent in a research note on Monday, March 22nd. Sanford C. Bernstein initiated coverage on Tencent in a research report on Monday, January 25th. They issued an “outperform” rating for the company. Zacks Investment Research raised Tencent from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday. Finally, Investec cut Tencent from a “hold” rating to a “sell” rating in a research report on Friday, January 22nd. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $86.46.
The business has a 50-day moving average of $85.58 and a 200-day moving average of $79.43. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.43. The stock has a market cap of $750.37 billion, a price-to-earnings ratio of 43.24 and a beta of 0.63.
Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Internet advertising services in Mainland China, the United States, Europe, and internationally. The company operates through VAS, FinTech and Business Services, Online Advertising, and Others segments. It offers online games and social network services; FinTech and cloud services; and online advertising services, such as media, social, and others advertisement services.
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