Tencent (OTCMKTS:TCEHY) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $58.80 and traded as high as $65.83. Tencent shares last traded at $65.73, with a volume of 2,593,918 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Tencent in a research note on Thursday, May 15th.

Tencent Trading Down 0.6%

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 company has a market cap of $604.04 billion, a price-to-earnings ratio of 34.59 and a beta of 0.11. The business’s 50-day simple moving average is $62.24 and its 200-day simple moving average is $58.80.

Tencent (OTCMKTS:TCEHY) last announced its earnings results on Wednesday, May 14th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.12). The business had revenue of $25 billion for the quarter, compared to analyst estimates of $24.19 billion. Tencent had a return on equity of 19.06% and a net margin of 24.22%. Research analysts predict that Tencent Holdings Limited will post 2.74 earnings per share for the current fiscal year.

Tencent Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be given a $0.5102 dividend. This represents a dividend yield of 0.77%. The ex-dividend date is Monday, May 19th. This is a positive change from Tencent’s previous dividend of $0.27. Tencent’s payout ratio is currently 16.95%.

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.