Tencent (OTCMKTS:TCEHY) Sets New 1-Year High at $47.75

Tencent Holdings Limited (OTCMKTS:TCEHY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.75 and last traded at $47.63, with a volume of 2559966 shares changing hands. The stock had previously closed at $46.26.

Analyst Ratings Changes

Separately, Barclays dropped their price target on shares of Tencent from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st.

Tencent Trading Up 3.0 %

The firm has a market capitalization of $449.88 billion, a price-to-earnings ratio of 27.70 and a beta of 0.27. The company has a 50-day moving average of $39.41 and a 200-day moving average of $38.50.

Tencent (OTCMKTS:TCEHY) last posted its earnings results on Wednesday, March 20th. The technology company reported $0.52 EPS for the quarter. The company had revenue of $21.54 billion during the quarter. Tencent had a return on equity of 14.60% and a net margin of 18.88%. On average, research analysts forecast that Tencent Holdings Limited will post 2.68 earnings per share for the current year.

Tencent Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, May 20th will be paid a $0.3839 dividend. This represents a yield of 0.88%. This is a boost from Tencent’s previous annual dividend of $0.10. The ex-dividend date is Friday, May 17th. Tencent’s dividend payout ratio (DPR) is presently 22.75%.

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.