Tencent (OTCMKTS:TCEHY) Issues Earnings Results

Tencent (OTCMKTS:TCEHY) announced its quarterly earnings results on Thursday. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08, Zacks reports. Tencent had a net margin of 29.55% and a return on equity of 19.06%.

Tencent Stock Down 1.3%

TCEHY stock traded down $1.12 during midday trading on Thursday, hitting $82.88. The company’s stock had a trading volume of 1,780,452 shares, compared to its average volume of 3,026,581. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $82.56 and its 200 day moving average price is $72.93. The stock has a market capitalization of $758.66 billion, a P/E ratio of 26.82 and a beta of 0.15. Tencent has a twelve month low of $46.76 and a twelve month high of $87.68.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TCEHY. Itau BBA Securities began coverage on Tencent in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Erste Group Bank upgraded Tencent from a “hold” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $88.00.

Tencent Company Profile

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.