Tencent (OTCMKTS:TCEHY – Get Free Report) posted its earnings results on Wednesday. The technology company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.08), Zacks reports. Tencent had a net margin of 30.60% and a return on equity of 19.42%.
Tencent Price Performance
OTCMKTS TCEHY traded down $3.25 during trading hours on Wednesday, reaching $56.27. The company’s stock had a trading volume of 3,535,245 shares, compared to its average volume of 3,864,602. The firm has a market capitalization of $511.64 billion, a price-to-earnings ratio of 15.72 and a beta of 0.27. The company’s 50-day moving average is $58.07 and its two-hundred day moving average is $62.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.42. Tencent has a 1-year low of $52.84 and a 1-year high of $87.68.
Wall Street Analyst Weigh In
Separately, Barclays reissued an “overweight” rating and issued a $106.00 price objective on shares of Tencent in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.00.
About Tencent
Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.
At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.
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