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

Tencent Holdings Limited (OTCMKTS:TCEHY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $55.84 and traded as high as $64.93. Tencent shares last traded at $64.02, with a volume of 1,278,871 shares changing hands.

Analyst Upgrades and Downgrades

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

Tencent Stock Performance

The stock has a market capitalization of $588.80 billion, a PE ratio of 33.69 and a beta of 0.16. The business’s 50 day moving average is $61.55 and its 200 day moving average is $55.84. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.

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.