Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.98 and traded as high as $41.12. Tencent shares last traded at $41.02, with a volume of 3,855,136 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barclays dropped their target price on Tencent from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st.
View Our Latest Stock Analysis on TCEHY
Tencent Price Performance
Tencent (OTCMKTS:TCEHY – Get Free Report) last announced its earnings results on Wednesday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Tencent had a net margin of 18.88% and a return on equity of 14.60%. The business had revenue of $21.54 billion during the quarter. On average, analysts anticipate that Tencent Holdings Limited will post 2.68 earnings per share for the current 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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