Tencent (OTCMKTS:TCEHY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Tencent Holding Ltd. (OTCMKTS:TCEHY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.84 and traded as high as $65.86. Tencent shares last traded at $65.20, with a volume of 1,456,895 shares trading hands.

Analyst Ratings Changes

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

Tencent Stock Up 0.2%

The firm has a market capitalization of $599.22 billion, a P/E ratio of 22.10 and a beta of 0.11. The firm’s 50 day moving average is $64.18 and its two-hundred day moving average is $59.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.30 and a quick ratio of 1.30.

Tencent (OTCMKTS:TCEHY) last announced its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.12). The firm had revenue of $25 billion during the quarter, compared to the consensus estimate of $24.19 billion. Tencent had a net margin of 29.39% and a return on equity of 19.82%. Research analysts predict that Tencent Holding Ltd. will post 2.74 EPS for the current year.

Tencent Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.5102 per share. This represents a yield of 0.77%. This is a boost from Tencent’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, May 19th. Tencent’s payout ratio is 16.95%.

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.