Tencent (OTCMKTS:TCEHY) Hits New 12-Month High at $53.88

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $53.88 and last traded at $53.64, with a volume of 6795247 shares. The stock had previously closed at $50.13.

Analysts Set New Price Targets

Separately, New Street Research raised Tencent to a “strong-buy” rating in a report on Monday, September 9th.

Tencent Trading Up 7.0 %

The company has a market cap of $502.20 billion, a PE ratio of 26.38 and a beta of 0.18. The company has a 50-day moving average of $47.52 and a 200 day moving average of $45.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33.

Tencent (OTCMKTS:TCEHY) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Tencent had a return on equity of 19.06% and a net margin of 24.22%. The company had revenue of $22.25 billion during the quarter. Analysts predict that Tencent Holdings Limited will post 2.74 earnings per share for the current year.

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.