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F   12.07 (+0.58%)
MU   69.11 (+1.33%)
CGC   0.83 (-0.08%)
GE   104.84 (+3.26%)
DIS   88.73 (+0.88%)
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PFE   37.94 (-0.21%)
PYPL   63.15 (+1.87%)
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NYSE:TME

Tencent Music Entertainment Group (TME) Stock Forecast, Price & News

$7.31
+0.37 (+5.33%)
(As of 01:39 PM ET)
Compare
Today's Range
$6.94
$7.36
50-Day Range
$6.93
$8.48
52-Week Range
$3.14
$9.29
Volume
4.86 million shs
Average Volume
6.58 million shs
Market Capitalization
$12.39 billion
P/E Ratio
18.74
Dividend Yield
N/A
Price Target
$9.14

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
24.6% Upside
$9.14 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.40mentions of Tencent Music Entertainment Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.00%
From $0.50 to $0.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Computer And Technology Sector

31st out of 1,226 stocks

Radio Broadcasting Stations Industry

3rd out of 20 stocks


TME stock logo

About Tencent Music Entertainment Group (NYSE:TME) Stock

Tencent Music Entertainment Group engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. Its product brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

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TME Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
Analyst Ratings for Tencent Music Enter Gr
Tencent Music Reports Higher Q1 Earnings, Revenues
See More Headlines

TME Price History

TME Company Calendar

Last Earnings
11/07/2021
Today
6/01/2023
Next Earnings (Estimated)
8/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
5,805
Year Founded
2016

Price Target and Rating

Average Stock Price Forecast
$9.14
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$7.40
Forecasted Upside/Downside
+26.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$546.40 million
Pretax Margin
17.58%

Debt

Sales & Book Value

Annual Sales
$4.11 billion
Cash Flow
$0.47 per share
Book Value
$4.47 per share

Miscellaneous

Outstanding Shares
1,695,080,000
Free Float
N/A
Market Cap
$12.31 billion
Optionable
Optionable
Beta
0.81

Social Links


Key Executives

  • Zhu Liang
    Chief Executive Officer & Director
  • Zhen Yu Xie
    President, Director & Chief Technology Officer
  • Min Hu
    Chief Financial Officer
  • Cheuk Tung Yip
    Chief Strategy Officer













TME Stock - Frequently Asked Questions

Should I buy or sell Tencent Music Entertainment Group stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TME shares.
View TME analyst ratings
or view top-rated stocks.

What is Tencent Music Entertainment Group's stock price forecast for 2023?

10 brokerages have issued 12 month price targets for Tencent Music Entertainment Group's stock. Their TME share price forecasts range from $7.40 to $11.00. On average, they anticipate the company's stock price to reach $9.14 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for TME
or view top-rated stocks among Wall Street analysts.

How have TME shares performed in 2023?

Tencent Music Entertainment Group's stock was trading at $8.28 at the start of the year. Since then, TME stock has decreased by 12.3% and is now trading at $7.26.
View the best growth stocks for 2023 here
.

When is Tencent Music Entertainment Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our TME earnings forecast
.

How were Tencent Music Entertainment Group's earnings last quarter?

Tencent Music Entertainment Group (NYSE:TME) announced its quarterly earnings results on Sunday, November, 7th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.55. The firm had revenue of $7.81 billion for the quarter, compared to the consensus estimate of $7.80 billion. Tencent Music Entertainment Group had a net margin of 14.68% and a trailing twelve-month return on equity of 9.09%. The firm's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share.

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?

(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 acted as the underwriters for the IPO and Credit Suisse, CICC, Allen & Company, BOCI, China Renaissance. HSBC, KeyBanc Capital Markets and Stifel were co-managers.

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."

Who are Tencent Music Entertainment Group's major shareholders?

Tencent Music Entertainment Group's stock is owned by many different institutional and retail investors. Top institutional investors include Krane Funds Advisors LLC (2.04%), BlackRock Inc. (1.90%), Baillie Gifford & Co. (1.69%), State Street Corp (0.73%), Allspring Global Investments Holdings LLC (0.65%) and E Fund Management Co. Ltd. (0.55%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of TME stock can currently be purchased for approximately $7.26.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $12.31 billion and generates $4.11 billion in revenue each year. The company earns $546.40 million in net income (profit) each year or $0.39 on an earnings per share basis.

How many employees does Tencent Music Entertainment Group have?

The company employs 5,805 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 official website for the company is www.tencentmusic.com. The company can be reached via phone at 8675586013388 or via email at tme@tpg-ir.com.

This page (NYSE:TME) was last updated on 6/1/2023 by MarketBeat.com Staff

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