Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report) 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.
View Our Latest Stock Report on Tencent
Tencent Stock Performance
Tencent (OTCMKTS:TCEHY – Get Free Report) 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.
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