Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.39 and traded as high as $55.00. Tencent shares last traded at $54.41, with a volume of 1,446,755 shares changing hands.

Analyst Upgrades and Downgrades

Separately, New Street Research raised shares of Tencent to a “strong-buy” rating in a research note on Monday, September 9th.

Tencent Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $51.84 and its 200 day moving average is $48.43. The company has a market cap of $506.04 billion, a PE ratio of 28.53 and a beta of 0.18.

Tencent (OTCMKTS:TCEHY) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Tencent had a return on equity of 19.06% and a net margin of 24.22%. The firm had revenue of $22.25 billion for the quarter. As a group, research analysts predict that Tencent Holdings Limited will post 2.74 EPS for the current fiscal year.

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.