Top-Rated StocksTop-RatedNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis → Don’t buy Gold until you see this (From The TradingPub) (Ad) Free TME Stock Alerts $15.42 -0.07 (-0.45%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$15.04▼$15.6550-Day Range$10.35▼$15.5052-Week Range$5.70▼$15.77Volume7.99 million shsAverage Volume8.16 million shsMarket Capitalization$26.46 billionP/E Ratio33.52Dividend Yield0.91%Price Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Tencent Music Entertainment Group alerts: Email Address Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.91 Rating ScoreUpside/Downside17.3% Downside$12.75 Price TargetShort InterestHealthy3.73% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.03Based on 30 Articles This WeekInsider TradingN/AProj. Earnings Growth25.86%From $0.58 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.56 out of 5 starsComputer And Technology Sector288th out of 591 stocksRadio Broadcasting Stations Industry5th out of 8 stocks 2.5 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Tencent Music Entertainment Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.73% of the float of Tencent Music Entertainment Group has been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently increased by 11.88%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldTencent Music Entertainment Group has a dividend yield of 0.89%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tencent Music Entertainment Group is 30.44%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Tencent Music Entertainment Group will have a dividend payout ratio of 19.18% next year. This indicates that Tencent Music Entertainment Group will be able to sustain or increase its dividend.Read more about Tencent Music Entertainment Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.4 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Tencent Music Entertainment Group this week, compared to 5 articles on an average week.Search Interest17 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.32% of the stock of Tencent Music Entertainment Group is held by institutions.Read more about Tencent Music Entertainment Group's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 25.86% in the coming year, from $0.58 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 33.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 33.52, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 219.89.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 3.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Tencent Music Entertainment Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIYou missed the class - here’s your second chanceIt’s time to start your Weekend Side Hustle Right now, some of the HARDEST working folks are getting destroyed by inflation. And that’s left folks looking anywhere they can to generate extra income to cover the bills. It’s almost impossible to keep up with the ever rising costs of living anymore…Click here and I’ll give you the details. About Tencent Music Entertainment Group Stock (NYSE:TME)Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.Read More TME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesMay 16 at 2:50 AM | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) PT Raised to $19.00 at BenchmarkMay 14, 2024 | msn.comTencent Music Entertainment Q1 Subs Hit Record High, 2 Analysts Raise ForecastsMay 14, 2024 | msn.comTencent Music Entertainment Group (NYSE:TME) Q1 2024 Earnings Call TranscriptMay 14, 2024 | finance.yahoo.comTencent Music Entertainment Group First Quarter 2024 Earnings: Beats ExpectationsMay 14, 2024 | finance.yahoo.comHeard on the Street: Tencent Pulls Ahead of Alibaba as Fortunes Diverge on the Chinese InternetMay 14, 2024 | finance.yahoo.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese)May 14, 2024 | americanbankingnews.comMizuho Increases Tencent Music Entertainment Group (NYSE:TME) Price Target to $15.00May 14, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Reaches New 1-Year High After Analyst UpgradeMay 14, 2024 | marketwatch.comTencent Music Shares Rise After Earnings BeatMay 14, 2024 | gurufocus.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese) TranscriptMay 13, 2024 | msn.comTencent Music Quarterly Profits Jump 28% on Growing Subscriber BaseMay 13, 2024 | finance.yahoo.comTencent Music Entertainment Likely Poised to Triple Music Revenue in 2030, Morgan Stanley SaysMay 13, 2024 | nasdaq.comTencent Music’s Q1 Shows Growth and Persistent ChallengesMay 13, 2024 | seekingalpha.comTencent Music Entertainment Is A Buy Following Earnings Beat (Rating Upgrade)May 13, 2024 | msn.comTencent Music beats Q1 revenue estimates on steady rise in paid subscriptionsMay 13, 2024 | markets.businessinsider.comTencent Music Q1 Net Profit Rises; Revenues From Music Subscriptions Up 39.2%May 13, 2024 | finance.yahoo.comTencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend PlanMay 13, 2024 | finance.yahoo.comTencent Music First-Quarter Results Top Views as Online Music Paying Users AdvanceMay 13, 2024 | reuters.comTencent Music beats quarterly revenue estimatesMay 13, 2024 | benzinga.comTencent Music Entertainment, StoneCo And 3 Stocks To Watch Heading Into MondayMay 13, 2024 | msn.comTencent Music Entertainment Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings CallMay 10, 2024 | msn.comTencent Music Entertainment Q1 2024 Earnings PreviewMay 6, 2024 | finance.yahoo.comAt US$13.50, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?May 2, 2024 | msn.comTikTok and Universal Music Group Settle Royalty Dispute With New Licensing AgreementApril 30, 2024 | msn.comJYP Entertainment teams up with China's NetEase Cloud Music on streamingSee More Headlines Receive TME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/19/2024Today5/18/2024Ex-Dividend for 6/27 Dividend5/31/2024Dividend Payable6/27/2024Next Earnings (Estimated)8/20/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Radio broadcasting stations Sub-IndustryN/A Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,185Year Founded2016Price Target and Rating Average Stock Price Target$12.75 High Stock Price Target$19.00 Low Stock Price Target$10.00 Potential Upside/Downside-17.3%Consensus RatingModerate Buy Rating Score (0-4)2.91 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio33.52 Forward P/E Ratio26.59 P/E Growth0.95Net Income$695.20 million Net Margins18.88% Pretax Margin24.13% Return on Equity9.85% Return on Assets7.48% Debt Debt-to-Equity Ratio0.09 Current Ratio2.67 Quick Ratio2.49 Sales & Book Value Annual Sales$3.91 billion Price / Sales6.77 Cash Flow$0.52 per share Price / Cash Flow29.94 Book Value$4.90 per share Price / Book3.15Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$26.46 billion OptionableOptionable Beta0.77 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 47)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. Tsai Chun Pan (Age 50)Group VP & Head of Content Cooperation Business Ms. Linlin Chen (Age 43)Group Vice President & Head of Kugou Business Unit More ExecutivesKey CompetitorsCloudflareNYSE:NETVodafone Group PublicNASDAQ:VODSnapNYSE:SNAPMongoDBNASDAQ:MDBWestern DigitalNASDAQ:WDCView All CompetitorsInstitutional OwnershipWalleye Trading LLCSold 13,200 shares on 5/17/2024Ownership: 0.000%iA Global Asset Management Inc.Bought 10,277 shares on 5/17/2024Ownership: 0.001%Jane Street Group LLCBought 305,700 shares on 5/16/2024Ownership: 0.000%California State Teachers Retirement SystemBought 14,145 shares on 5/16/2024Ownership: 0.013%Bayesian Capital Management LPBought 31,494 shares on 5/16/2024Ownership: 0.002%View All Institutional Transactions TME Stock Analysis - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TME shares. View TME analyst ratings or view top-rated stocks. What is Tencent Music Entertainment Group's stock price target for 2024? 11 Wall Street analysts have issued twelve-month price objectives for Tencent Music Entertainment Group's stock. Their TME share price targets range from $10.00 to $19.00. On average, they expect the company's share price to reach $12.75 in the next twelve months. This suggests that the stock has a possible downside of 17.3%. View analysts price targets for TME or view top-rated stocks among Wall Street analysts. How have TME shares performed in 2024? Tencent Music Entertainment Group's stock was trading at $9.01 on January 1st, 2024. Since then, TME shares have increased by 71.1% and is now trading at $15.42. View the best growth stocks for 2024 here. When is Tencent Music Entertainment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 20th 2024. View our TME earnings forecast. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) issued its earnings results on Tuesday, March, 19th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $971 million for the quarter, compared to analysts' expectations of $925.06 million. Tencent Music Entertainment Group had a net margin of 18.88% and a trailing twelve-month return on equity of 9.85%. How often does Tencent Music Entertainment Group pay dividends? What is the dividend yield for Tencent Music Entertainment Group? Tencent Music Entertainment Group declared an annual dividend on Monday, May 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.121 per share on Thursday, June 27th. This represents a dividend yield of 0.78%. The ex-dividend date is Friday, May 31st. Read our dividend analysis for TME. Is Tencent Music Entertainment Group a good dividend stock? Tencent Music Entertainment Group (NYSE:TME) pays an annual dividend of $0.14 per share and currently has a dividend yield of 0.89%. The dividend payout ratio is 30.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TME will have a dividend payout ratio of 19.18% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TME. What ETFs hold Tencent Music Entertainment Group's stock? ETFs with the largest weight of Tencent Music Entertainment Group (NYSE:TME) stock in their portfolio include Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB), Global X Social Media Index ETF (SOCL), CoreValues Alpha Greater China Growth ETF (CGRO), Amplify International Enhanced Dividend Income ETF (IDVO), MUSQ Global Music Industry ETF (MUSQ), Principal Millennial Global Growth ETF (GENY) and Global X Emerging Markets Great Consumer ETF (EMC). What other stocks do shareholders of Tencent Music Entertainment Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Tencent Music Entertainment Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Advanced Micro Devices (AMD), iQIYI (IQ), Roku (ROKU), Netflix (NFLX), JD.com (JD), Johnson & Johnson (JNJ), Block (SQ) and Walt Disney (DIS). When did Tencent Music Entertainment Group IPO? Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $13.00-$15.00 per share. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch served as the underwriters for the IPO and Credit Suisse, CICC, Allen & Company, BOCI, China Renaissance. HSBC, KeyBanc Capital Markets and Stifel were co-managers. Who are Tencent Music Entertainment Group's major shareholders? Tencent Music Entertainment Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (1.53%), Vanguard Group Inc. (1.46%), Canada Pension Plan Investment Board (0.86%), Allspring Global Investments Holdings LLC (0.45%), Allspring Global Investments Holdings LLC (0.45%) and Bamco Inc. NY (0.21%). How do I buy shares of Tencent Music Entertainment Group? Shares of TME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TME) was last updated on 5/18/2024 by MarketBeat.com Staff From Our PartnersObama’s Forever Term [exposed]Porter & CompanyShocking $16T Elon Musk Crypto LeakCrypto 101 MediaCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingThe Presidential candidate you should REALLY be worried aboutStansberry ResearchForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressShocking: One AI startup's revenue could surge 4,735%Manward PressMost important medical advance in 100 yearsThe Oxford ClubMake this ONE trade on Tuesday at 2 p.m. EST!Monument Traders Alliance Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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