Tencent (OTCMKTS:TCEHY) Shares Pass Above Two Hundred Day Moving Average of $39.51

Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.51 and traded as high as $48.64. Tencent shares last traded at $48.46, with a volume of 1,663,176 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays cut 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 Stock Up 0.3 %

The business has a 50-day moving average of $42.81 and a two-hundred day moving average of $39.51. The firm has a market capitalization of $456.47 billion, a price-to-earnings ratio of 25.51 and a beta of 0.27.

Tencent (OTCMKTS:TCEHY) last issued its earnings results on Wednesday, March 20th. The technology company reported $0.52 EPS for the quarter. Tencent had a return on equity of 14.60% and a net margin of 21.20%. The business had revenue of $21.54 billion during the quarter. Equities analysts predict that Tencent Holdings Limited will post 2.68 EPS for the current fiscal year.

Tencent Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.3839 per share. This represents a yield of 0.88%. This is an increase from Tencent’s previous annual dividend of $0.10. The ex-dividend date of this dividend is Friday, May 17th. Tencent’s payout ratio is presently 20.00%.

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.