NYSE:TME Tencent Music Entertainment Group (TME) Stock Forecast, Price & News $6.31 +0.03 (+0.48%) (As of 09:39 AM ET) Add Compare Share Share Today's Range$6.26▼$6.3150-Day Range$6.03▼$7.1352-Week Range$3.14▼$9.29Volume250,113 shsAverage Volume6.80 million shsMarket Capitalization$10.83 billionP/E Ratio15.02Dividend YieldN/APrice Target$8.72 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tencent Music Entertainment Group MarketRank™ ForecastAnalyst RatingModerate Buy2.55 Rating ScoreUpside/Downside38.9% Upside$8.72 Price TargetShort InterestHealthy1.87% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.20Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth15.22%From $0.46 to $0.53 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.2.66 out of 5 starsComputer And Technology Sector101st out of 606 stocksRadio Broadcasting Stations Industry4th out of 10 stocks 3.3 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.72, Tencent Music Entertainment Group has a forecasted upside of 38.9% from its current price of $6.28.Amount of Analyst CoverageTencent Music Entertainment Group has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.87% of the float of Tencent Music Entertainment Group has been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 1.9, 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 2.20%, 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 2.3 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.20. 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 0.64 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 3 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 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 23.59% of the stock of Tencent Music Entertainment Group is held by institutions. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 15.22% in the coming year, from $0.46 to $0.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 14.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 14.95, 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 239.54.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.69. 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 1.48. 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 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.Read More TME Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesSeptember 28, 2023 | finance.yahoo.comTencent Music Entertainment Group: Tencent Music's Long-Term Earnings Growth Fueled by Subscriber Increase, Margin ImprovementsSeptember 24, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Shares Gap Up to $6.02September 28, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 22, 2023 | finance.yahoo.comUnveiling Tencent Music Entertainment Group's Value: Is It Really Priced Right? A Comprehensive ...September 20, 2023 | americanbankingnews.comBrokerages Set Tencent Music Entertainment Group (NYSE:TME) Target Price at $8.72September 20, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Receives Average Recommendation of "Moderate Buy" from BrokeragesSeptember 20, 2023 | yahoo.comBillboard China & TME Partner to Release ‘THE ONE Endless Dream’ AlbumAugust 25, 2023 | finance.yahoo.comChina online platforms scrap lucky draw features amid gambling crackdownSeptember 28, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.August 18, 2023 | msn.comCitigroup Maintains Tencent Music Entertainment Group - ADR (TME) Neutral RecommendationAugust 18, 2023 | seekingalpha.comTencent Music: Post-Earnings Stock Price Outperformance Isn't SustainableAugust 17, 2023 | msn.comB of A Securities Maintains Tencent Music Entertainment Group - ADR (TME) Buy RecommendationAugust 17, 2023 | insidermonkey.comTencent Music Entertainment Group (NYSE:TME) Q2 2023 Earnings Call TranscriptAugust 16, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Tencent Music Entertainment Group (TME), Upwork (UPWK) and Zoom Video Communications (ZM)August 16, 2023 | msn.comTencent Music's quarterly revenue rises but warns of decline aheadAugust 16, 2023 | finance.yahoo.comTencent Music Entertainment Group: Tencent Music Earnings: Business Adjustments Weigh on Revenue Outlook but Margin Expansion IntactAugust 16, 2023 | markets.businessinsider.comJefferies Sticks to Their Buy Rating for Tencent Music Entertainment Group (TME)August 16, 2023 | finance.yahoo.comQ2 2023 Tencent Music Entertainment Group Earnings CallAugust 15, 2023 | msn.comTencent Music's Q2 revenue grows on the back of online music subscriptionsAugust 15, 2023 | msn.comTencent Music Passes 100 Million Subscriber Landmark as Quarterly Profits SoarAugust 15, 2023 | finance.yahoo.comThis Spotify Rival From China Just Saw Its MAUs Dip in Q2, Stock SlidesAugust 15, 2023 | ca.finance.yahoo.comTencent Music's quarterly revenue rises as more Chinese users pay for musicAugust 15, 2023 | finance.yahoo.comUPDATE 3-Tencent Music's quarterly revenue rises as more Chinese users pay for musicAugust 14, 2023 | markets.businessinsider.comHere's what Wall Street expects from Tencent Music Entertainment Group Registered A's earnings reportAugust 14, 2023 | benzinga.comEarnings Outlook For Tencent Music Enter GrAugust 3, 2023 | msn.comTencent Music Entertainment Group - ADR (TME) Price Target Decreased by 5.77% to 9.53August 1, 2023 | 247wallst.comCitigroup Downgrades Tencent Music Entertainment GroupSee More Headlines 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 Company Calendar Last Earnings8/15/2023Today9/28/2023Next Earnings (Estimated)11/21/2023Fiscal 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$8.72 High Stock Price Forecast$11.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+38.9%Consensus RatingModerate Buy Rating Score (0-4)2.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.42 Trailing P/E Ratio14.95 Forward P/E Ratio13.65 P/E Growth0.7Net Income$546.40 million Net Margins16.00% Pretax Margin19.14% Return on Equity9.87% Return on Assets7.32% Debt Debt-to-Equity Ratio0.11 Current Ratio2.50 Quick Ratio2.50 Sales & Book Value Annual Sales$4.11 billion Price / Sales2.62 Cash Flow$0.44 per share Price / Cash Flow14.38 Book Value$4.25 per share Price / Book1.48Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$10.78 billion OptionableOptionable Beta0.81 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 49)Exec. Chairman Mr. Zhu Liang (Age 46)CEO & Director Mr. Zhenyu Xie (Age 48)Pres, CTO & Director Ms. Min Hu (Age 50)Chief Financial Officer Mr. Tsai Chun Pan (Age 49)Group VP & Head of Content Cooperation Bus. Mr. Lixue Shi (Age 48)Group VP & Head of Kuwo Bus. Unit Ms. Linlin Chen (Age 42)Group VP & Head of Kugou Bus. Unit Millicent T.Vice Gen. Mang.Ms. Heather DiwuInvestor Relations OfficerMore ExecutivesKey CompetitorsJack Henry & AssociatesNASDAQ:JKHYNICENASDAQ:NICETwilioNYSE:TWLOGoDaddyNYSE:GDDYLogitech InternationalNASDAQ:LOGIView All CompetitorsInstitutional OwnershipBarclays PLCBought 45,611 shares on 9/21/2023Ownership: 0.029%Portside Wealth Group LLCBought 14,672 shares on 9/1/2023Ownership: 0.001%Alberta Investment Management CorpBought 147,714 shares on 8/24/2023Ownership: 0.047%Wolverine Trading LLCSold 10,800 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 332,700 shares on 8/22/2023Ownership: 0.020%View All Institutional Transactions TME Stock - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023? 11 Wall Street analysts have issued twelve-month price targets for Tencent Music Entertainment Group's stock. Their TME share price forecasts range from $7.00 to $11.00. On average, they expect the company's share price to reach $8.72 in the next twelve months. This suggests a possible upside of 38.9% 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 beginning of the year. Since then, TME shares have decreased by 24.2% and is now trading at $6.28. View the best growth stocks for 2023 here. Are investors shorting Tencent Music Entertainment Group? Tencent Music Entertainment Group saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,700,000 shares, a decline of 20.0% from the August 15th total of 15,870,000 shares. Based on an average daily trading volume, of 7,410,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.8% 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, November 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 data on Tuesday, August, 15th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.06. The company earned $7.29 billion during the quarter, compared to the consensus estimate of $7.30 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.87% and a net margin of 16.00%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. 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 Principal Millennial Global Growth ETF (GENY), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Global X Social Media ETF (SOCL), KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), MUSQ Global Music Industry ETF (MUSQ), First Trust S-Network Streaming and Gaming ETF (BNGE) and AdvisorShares Dorsey Wright ADR ETF (AADR). 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 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 variety of retail and institutional investors. Top institutional investors include Canada Pension Plan Investment Board (2.21%), BlackRock Inc. (1.98%), Baillie Gifford & Co. (1.70%), Krane Funds Advisors LLC (1.21%), Acadian Asset Management LLC (0.92%) and State Street Corp (0.74%). 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 $6.28. How much money does Tencent Music Entertainment Group make? Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $10.78 billion and generates $4.11 billion in revenue each year. The company earns $546.40 million in net income (profit) each year or $0.42 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 9/28/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.