Tencent (OTCMKTS:TCEHY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.63 and traded as high as $63.88. Tencent shares last traded at $63.64, with a volume of 805,127 shares changing hands.

Analysts Set New Price Targets

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

Tencent Price Performance

The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $585.70 billion, a PE ratio of 33.49 and a beta of 0.14. The business has a 50-day moving average of $62.55 and a 200 day moving average of $56.63.

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.