TENCENT HOLDING/ADR (OTCMKTS:TCEHY) Stock Crosses Above 200-Day Moving Average of $0.00

TENCENT HOLDING/ADR (OTCMKTS:TCEHY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $42.95. TENCENT HOLDING/ADR shares last traded at $42.85, with a volume of 2,807,074 shares changing hands.

Several equities research analysts have commented on TCEHY shares. Jefferies Financial Group started coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, August 5th. They issued a “buy” rating for the company. ValuEngine downgraded shares of TENCENT HOLDING/ADR from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Loop Capital started coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Investec raised shares of TENCENT HOLDING/ADR from an “add” rating to a “buy” rating in a research note on Friday, May 31st. Finally, Zacks Investment Research raised shares of TENCENT HOLDING/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $167.33.

The company has a market cap of $393.24 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $45.35.

TENCENT HOLDING/ADR (OTCMKTS:TCEHY) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The company had revenue of $12.66 billion during the quarter, compared to analyst estimates of $13.19 billion. TENCENT HOLDING/ADR had a net margin of 25.49% and a return on equity of 19.24%. Equities analysts predict that TENCENT HOLDING/ADR will post 1.28 EPS for the current year.

About TENCENT HOLDING/ADR (OTCMKTS:TCEHY)

Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.

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