Tencent (TCEHY) to Release Quarterly Earnings on Tuesday

Tencent (OTCMKTS:TCEHY) is expected to be issuing its quarterly earnings data on Tuesday, May 13th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $24.19 billion for the quarter.

Tencent Trading Down 1.7 %

OTCMKTS:TCEHY opened at $63.28 on Friday. The business’s 50-day simple moving average is $62.66 and its 200-day simple moving average is $56.87. Tencent has a fifty-two week low of $44.96 and a fifty-two week high of $71.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market capitalization of $582.39 billion, a PE ratio of 33.31 and a beta of 0.11.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “overweight” rating and issued a $88.00 price target on shares of Tencent in a report on Thursday, March 20th.

About Tencent

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.