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NYSE:TME

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

$10.45
+0.20 (+1.95%)
(As of 02/29/2024 ET)
Today's Range
$10.34
$10.68
50-Day Range
$8.42
$10.45
52-Week Range
$5.70
$10.69
Volume
12.36 million shs
Average Volume
8.98 million shs
Market Capitalization
$17.93 billion
P/E Ratio
24.30
Dividend Yield
N/A
Price Target
$9.47

Tencent Music Entertainment Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
9.4% Downside
$9.47 Price Target
Short Interest
Healthy
3.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of Tencent Music Entertainment Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.39%
From $0.46 to $0.54 Per Share

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.

2.69 out of 5 stars

Computer And Technology Sector

362nd out of 600 stocks

Radio Broadcasting Stations Industry

5th out of 8 stocks


TME stock logo

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.

TME Stock Price History

TME Stock News Headlines

TME Mar 2024 13.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Tencent Music price target raised by $1 at Mizuho, here's why
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Big Pension Bought Up NYCB Stock Right Before It Tumbled
TME Mar 2024 7.000 call
PERI vs. TME: Which Stock Should Value Investors Buy Now?
TME Jul 2024 9.000 call
Tencent Music Entertainment Group (TME)
Tencent Shares Rise on DnF Game Approval
Tencent Music Entertainment Group ADR
Tencent Music Entertainment Group (63T.SG)
See More Headlines
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Company Calendar

Last Earnings
11/14/2023
Today
2/29/2024
Next Earnings (Confirmed)
3/19/2024
Fiscal Year End
12/31/2024

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 Target
$9.47
High Stock Price Target
$12.00
Low Stock Price Target
$7.00
Potential Upside/Downside
-9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$546.40 million
Pretax Margin
20.34%

Debt

Sales & Book Value

Annual Sales
$4.11 billion
Cash Flow
$0.44 per share
Book Value
$4.25 per share

Miscellaneous

Outstanding Shares
1,716,080,000
Free Float
N/A
Market Cap
$17.97 billion
Optionable
Optionable
Beta
0.81

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Key Executives

  • Mr. Kar Shun Pang (Age 50)
    Executive Chairman
  • Mr. Zhu Liang (Age 47)
    CEO & Director
  • Mr. Zhenyu Xie (Age 49)
    President, CTO & Director
  • Ms. Min Hu (Age 51)
    Chief Financial Officer
  • Mr. 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
  • Millicent T.
    Vice General Manager
  • Ms. Heather Diwu
    Investor Relations Officer














TME Stock Analysis - 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 year. There are currently 2 hold ratings and 8 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?

10 Wall Street analysts have issued 12-month target prices for Tencent Music Entertainment Group's shares. Their TME share price targets range from $7.00 to $12.00. On average, they predict the company's stock price to reach $9.47 in the next year. This suggests that the stock has a possible downside of 9.4%.
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 at the start of the year. Since then, TME stock has increased by 16.0% and is now trading at $10.45.
View the best growth stocks for 2024 here
.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 24,460,000 shares, an increase of 25.0% from the January 31st total of 19,570,000 shares. Based on an average daily volume of 8,370,000 shares, the short-interest ratio is currently 2.9 days. Currently, 3.6% of the company's shares are sold short.
View Tencent Music Entertainment Group's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
View our TME earnings forecast
.

How can I listen to Tencent Music Entertainment Group's earnings call?

Tencent Music Entertainment Group will be holding an earnings conference call on Tuesday, March 19th at 7:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Tencent Music Entertainment Group (NYSE:TME) announced its quarterly earnings results on Tuesday, November, 14th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.63. The firm earned $6.57 billion during the quarter, compared to analysts' expectations of $6.28 billion. Tencent Music Entertainment Group had a net margin of 16.82% and a trailing twelve-month return on equity of 9.71%. Tencent Music Entertainment Group's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS.

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 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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (1.56%), Vanguard Group Inc. (1.46%), Goldman Sachs Group Inc. (0.81%), Norges Bank (0.68%), Hsbc Holdings PLC (0.59%) and Allspring Global Investments Holdings LLC (0.53%).

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 2/29/2024 by MarketBeat.com Staff