Tencent Holdings Limited (OTCMKTS:TCEHY – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,037,900 shares, a decline of 20.8% from the March 31st total of 3,834,800 shares. Based on an average daily volume of 4,390,400 shares, the short-interest ratio is currently 0.7 days.
Tencent Trading Up 0.0 %
OTCMKTS TCEHY opened at $44.41 on Tuesday. Tencent has a 12-month low of $33.00 and a 12-month high of $46.46. The firm’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $38.14. The firm has a market capitalization of $419.47 billion, a P/E ratio of 26.59 and a beta of 0.32.
Tencent (OTCMKTS:TCEHY – Get Free Report) last announced its earnings results on Wednesday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. Tencent had a return on equity of 14.60% and a net margin of 18.88%. The company had revenue of $21.54 billion for the quarter. As a group, sell-side analysts predict that Tencent will post 2.68 earnings per share for the current fiscal year.
Tencent Increases Dividend
Analyst Ratings Changes
Separately, Barclays decreased their target price on Tencent from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st.
Check Out Our Latest Report on Tencent
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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