NYSE:TME Tencent Music Entertainment Group (TME) Stock Forecast, Price & News $7.74 +0.11 (+1.44%) (As of 01:40 PM ET) Add Compare Share Share Today's Range$7.62▼$8.0450-Day Range$6.93▼$8.3152-Week Range$3.14▼$9.29Volume4.65 million shsAverage Volume6.58 million shsMarket Capitalization$13.12 billionP/E Ratio19.85Dividend YieldN/APrice Target$9.14 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tencent Music Entertainment Group MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside17.5% Upside$9.14 Price TargetShort InterestHealthy1.19% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.41Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth14.00%From $0.50 to $0.57 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.62 out of 5 starsComputer And Technology Sector89th out of 598 stocksRadio Broadcasting Stations Industry3rd out of 10 stocks 3.4 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.14, Tencent Music Entertainment Group has a forecasted upside of 17.5% from its current price of $7.78.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.19% of the outstanding shares of Tencent Music Entertainment Group have been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently increased by 4.06%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldTencent Music Entertainment Group does not currently pay a dividend.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.0 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Tencent Music Entertainment Group this week, compared to 4 articles on an average week.Search InterestOnly 18 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.MarketBeat Follows5 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 21.77% of the stock of Tencent Music Entertainment Group is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 14.00% in the coming year, from $0.50 to $0.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 19.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 19.95, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 313.54.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tencent Music Entertainment Group (NYSE:TME) StockTencent 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.Read More Receive TME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address TME Stock News HeadlinesJune 7, 2023 | finance.yahoo.comEarnings Estimates Moving Higher for Tencent Music Entertainment Group Sponsored ADR (TME): Time to Buy?May 31, 2023 | finance.yahoo.com10 Most Undervalued Hong Kong Stocks To Buy According To Hedge FundsJune 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 31, 2023 | benzinga.comWhy Tencent Music Entertainment (TME) Shares Are FallingMay 30, 2023 | finance.yahoo.comDoes Tencent Music Entertainment Group Sponsored ADR (TME) Have the Potential to Rally 34.59% as Wall Street Analysts Expect?May 23, 2023 | msn.comSouth Korea's HYBE signs deal with China's Tencent MusicMay 22, 2023 | finance.yahoo.comTencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2023May 21, 2023 | americanbankingnews.com51job Reiterates Maintains Rating for Tencent Music Entertainment Group (NYSE:TME)June 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 21, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Receives $9.33 Consensus PT from AnalystsMay 20, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Lifted to Buy at CitigroupMay 20, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Price Target Increased to $8.40 by Analysts at HSBCMay 19, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Shares Up 6.5% After Analyst UpgradeMay 18, 2023 | msn.comBenchmark Reiterates Tencent Music Entertainment Group - ADR (TME) Buy RecommendationMay 18, 2023 | msn.comMacquarie Upgrades Tencent Music Entertainment Group - ADR (TME)May 18, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Sees Large Volume IncreaseMay 17, 2023 | msn.comTencent Music rises 9% as analysts boost ratings after earningsMay 17, 2023 | markets.businessinsider.comAnalyst Ratings for Tencent Music Enter GrMay 17, 2023 | msn.comCitigroup Upgrades Tencent Music Entertainment Group - ADR (TME)May 17, 2023 | za.investing.comTencent Music earns several analyst upgrades after earnings; Shares upMay 17, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Price Target Increased to $11.00 by Analysts at MizuhoMay 17, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Upgraded at China RenaissanceMay 17, 2023 | finance.yahoo.comTencent Music Entertainment Group: Tencent Music Earnings: Margin Expansion Should Drive Earnings Growth in the Near FutureMay 17, 2023 | finance.yahoo.comQ1 2023 Tencent Music Entertainment Group Earnings PresentationMay 17, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Upgraded at MacquarieMay 17, 2023 | msn.comTencent Music Profits Leap as Streaming Subscriptions ClimbMay 16, 2023 | msn.comTencent Music's First-Quarter Results Top Views as Online Music Paying Users AdvanceSee More Headlines TME Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Company Calendar Last Earnings3/21/2023Today6/09/2023Next Earnings (Estimated)8/21/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Radio broadcasting stations Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,805Year Founded2016Price Target and Rating Average Stock Price Forecast$9.14 High Stock Price Forecast$11.00 Low Stock Price Forecast$7.40 Forecasted Upside/Downside+19.8%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.39 Trailing P/E Ratio19.56 Forward P/E Ratio15.26 P/E Growth0.56Net Income$546.40 million Net Margins14.68% Pretax Margin17.58% Return on Equity9.09% Return on Assets6.68% Debt Debt-to-Equity Ratio0.10 Current Ratio2.35 Quick Ratio2.35 Sales & Book Value Annual Sales$4.11 billion Price / Sales3.15 Cash Flow$0.44 per share Price / Cash Flow17.18 Book Value$4.31 per share Price / Book1.77Miscellaneous Outstanding Shares1,695,080,000Free FloatN/AMarket Cap$12.93 billion OptionableOptionable Beta0.81 Social Links Key ExecutivesZhu LiangChief Executive Officer & DirectorZhen Yu XiePresident, Director & Chief Technology OfficerMin HuChief Financial OfficerCheuk Tung YipChief Strategy OfficerKey CompetitorsWestern DigitalNASDAQ:WDCTwilioNYSE:TWLOUnity SoftwareNYSE:UBILLNYSE:BILLNICENASDAQ:NICEView All CompetitorsInstitutional OwnershipAlterna Wealth Management Inc.Bought 24,705 shares on 5/26/2023Ownership: 0.001%Ameriprise Financial Inc.Bought 198,864 shares on 5/22/2023Ownership: 0.070%Putnam Investments LLCBought 17,397 shares on 5/22/2023Ownership: 0.001%JPMorgan Chase & Co.Bought 402,241 shares on 5/18/2023Ownership: 0.047%New York State Common Retirement FundBought 318,579 shares on 5/18/2023Ownership: 0.041%View All Institutional Transactions TME Stock - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. 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. What is Tencent Music Entertainment Group's stock price forecast for 2023? 10 brokerages 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 year. This suggests a possible upside of 19.8% 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 7.9% and is now trading at $7.63. 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) posted its earnings results on Tuesday, March, 21st. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm earned $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.09% and a net margin of 14.68%. What ETFs hold Tencent Music Entertainment Group's stock? 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 First Trust S-Network Streaming and Gaming ETF (BNGE). 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 IPO on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $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. 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 a number of 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 $7.63. How much money does Tencent Music Entertainment Group make? Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $12.93 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 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tencent Music Entertainment Group Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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