Tencent Music Entertainment Group (NYSE:TME - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, August 12th. Analysts expect Tencent Music Entertainment Group to post earnings of $0.20 per share and revenue of $1.11 billion for the quarter.
Tencent Music Entertainment Group Trading Up 0.5%
Shares of TME stock traded up $0.10 on Thursday, hitting $21.99. The stock had a trading volume of 5,521,802 shares, compared to its average volume of 5,629,787. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.05. Tencent Music Entertainment Group has a twelve month low of $9.41 and a twelve month high of $22.50. The company has a fifty day moving average price of $19.77 and a two-hundred day moving average price of $15.70. The firm has a market cap of $37.74 billion, a P/E ratio of 26.18 and a beta of 0.50.
Institutional Investors Weigh In On Tencent Music Entertainment Group
Several institutional investors have recently bought and sold shares of TME. Acadian Asset Management LLC raised its holdings in shares of Tencent Music Entertainment Group by 385,900.0% in the first quarter. Acadian Asset Management LLC now owns 50,180 shares of the company's stock valued at $722,000 after purchasing an additional 50,167 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Tencent Music Entertainment Group in the first quarter valued at $985,000. AQR Capital Management LLC increased its stake in Tencent Music Entertainment Group by 107.5% in the 1st quarter. AQR Capital Management LLC now owns 85,450 shares of the company's stock valued at $1,231,000 after buying an additional 44,265 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Tencent Music Entertainment Group by 9.0% during the 1st quarter. Royal Bank of Canada now owns 144,475 shares of the company's stock worth $2,082,000 after buying an additional 11,979 shares in the last quarter. Institutional investors own 24.32% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Tencent Music Entertainment Group from a "hold" rating to a "buy" rating in a report on Sunday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Tencent Music Entertainment Group in a research report on Wednesday, May 14th. Macquarie set a $26.20 target price on Tencent Music Entertainment Group and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Finally, Morgan Stanley restated an "overweight" rating on shares of Tencent Music Entertainment Group in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.60.
View Our Latest Research Report on Tencent Music Entertainment Group
About Tencent Music Entertainment Group
(
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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; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.
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