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

10 Wall Street 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 research analysts is that investors should "buy" TME shares.
View TME analyst ratings or view top-rated stocks.

10 equities research analysts have issued 12-month price objectives for Tencent Music Entertainment Group's shares. 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 twelve months. This suggests a possible upside of 21.6% from the stock's current price.
View analysts price targets for TME or view top-rated stocks among Wall Street analysts.

Tencent Music Entertainment Group's stock was trading at $8.28 at the beginning of 2023. Since then, TME stock has decreased by 9.2% and is now trading at $7.52.
View the best growth stocks for 2023 here.

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

Tencent Music Entertainment Group (NYSE:TME) released its earnings results on Sunday, November, 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.55. The company 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 business's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share.

ETFs with the largest weight of Tencent Music Entertainment Group (NYSE:TME) stock in their portfolio include KraneShares CSI China Internet ETF (KWEB), Principal Millennial Global Growth ETF (GENY), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Invesco China Technology ETF (CQQQ), Invesco Golden Dragon China ETF (PGJ), Global X Social Media Index ETF (SOCL), AdvisorShares Dorsey Wright ADR ETF (AADR) and

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).

(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.

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

Tencent Music Entertainment Group's stock is owned by a variety of retail and institutional 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%).

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.

One share of TME stock can currently be purchased for approximately $7.52.

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $12.75 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.

The company employs 5,805 workers across the globe.

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.