NYSE:TME - Tencent Music Entertainment Group Stock Price, News, & Analysis

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$16.17 -0.82 (-4.83 %)
(As of 02/18/2019 09:08 AM ET)
Previous Close$16.99
Today's Range$16.1599 - $16.82
52-Week Range$11.81 - $17.38
Volume6.85 million shs
Average Volume5.90 million shs
Market Capitalization$26.45 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 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 was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, Chiane. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
WebN/A
Phone86-755-8601-3388

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees2,559
Outstanding Shares1,635,450,000
Market Cap$26.45 billion
OptionableOptionable

Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

What is Tencent Music Entertainment Group's stock symbol?

Tencent Music Entertainment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TME."

What price target have analysts set for TME?

8 brokerages have issued 12 month price targets for Tencent Music Entertainment Group's stock. Their predictions range from $12.20 to $19.00. On average, they expect Tencent Music Entertainment Group's stock price to reach $15.5413 in the next year. This suggests that the stock has a possible downside of 3.9%. View Analyst Price Targets for Tencent Music Entertainment Group.

What is the consensus analysts' recommendation for Tencent Music Entertainment Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tencent Music Entertainment Group.

Has Tencent Music Entertainment Group been receiving favorable news coverage?

Press coverage about TME stock has trended somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tencent Music Entertainment Group earned a news impact score of 1.6 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 18,284,378 shares, an increase of 38.9% from the December 31st total of 13,167,708 shares. Based on an average daily volume of 5,006,177 shares, the short-interest ratio is presently 3.7 days. View Tencent Music Entertainment Group's Current Options Chain.

Who are some of Tencent Music Entertainment Group's key competitors?

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the folowing people:
  • Mr. Kar Shun Pang, CEO & Director (Age 44)
  • Mr. Zhenyu Xie, Co-Pres & Director (Age 43)
  • Mr. Guomin Xie, Co-Pres & Director (Age 44)
  • Ms. Min Hu, Chief Financial Officer (Age 46)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer (Age 37)

When did Tencent Music Entertainment Group IPO?

(TME) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 12th 2018. The company issued 82,000,000 shares at a price of $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.

When did Tencent Music Entertainment Group's quiet period expire?

Tencent Music Entertainment Group's quiet period expired on Monday, January 21st. Tencent Music Entertainment Group had issued 82,000,000 shares in its IPO on December 12th. The total size of the offering was $1,066,000,000 based on an initial share price of $13.00. During Tencent Music Entertainment Group's quiet period, insiders and underwriters that worked on the IPO were prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Tencent Music Entertainment Group's major shareholders?

Tencent Music Entertainment Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.50%), Hsbc Holdings PLC (0.17%), Temasek Holdings Private Ltd (0.15%), Coatue Management LLC (0.15%), Lord Abbett & CO. LLC (0.11%) and Hillhouse Capital Advisors Ltd. (0.09%).

Which institutional investors are buying Tencent Music Entertainment Group stock?

TME stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Hsbc Holdings PLC, Coatue Management LLC, Temasek Holdings Private Ltd, Lord Abbett & CO. LLC, Hillhouse Capital Advisors Ltd., Springhouse Capital Management LP and TB Alternative Assets Ltd..

How do I buy shares of Tencent Music Entertainment Group?

Shares of TME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $16.17.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $26.45 billion. Tencent Music Entertainment Group employs 2,559 workers across the globe.

How can I contact Tencent Music Entertainment Group?

Tencent Music Entertainment Group's mailing address is 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057. The company can be reached via phone at 86-755-8601-3388.


MarketBeat Community Rating for Tencent Music Entertainment Group (NYSE TME)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  22 (Vote Outperform)
Underperform Votes:  25 (Vote Underperform)
Total Votes:  47
MarketBeat's community ratings are surveys of what our community members think about Tencent Music Entertainment Group and other stocks. Vote "Outperform" if you believe TME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TME will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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