Tencent (TCEHY) to Release Earnings on Tuesday

Tencent (OTCMKTS:TCEHY) is projected to post its quarterly earnings results on Tuesday, May 13th. Analysts expect Tencent to post earnings of $0.88 per share and revenue of $24.19 billion for the quarter.

Tencent Stock Down 0.5 %

Shares of OTCMKTS TCEHY traded down $0.31 during trading on Tuesday, hitting $63.64. The stock had a trading volume of 805,127 shares, compared to its average volume of 4,883,202. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.35 and a quick ratio of 1.33. The firm has a fifty day moving average of $62.55 and a two-hundred day moving average of $56.63. Tencent has a 12 month low of $44.96 and a 12 month high of $71.82. The company has a market capitalization of $585.70 billion, a PE ratio of 33.49 and a beta of 0.14.

Wall Street Analyst Weigh In

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

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.