NYSE:TME

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

$7.74

+0.11 (+1.44%)

(As of 01:40 PM ET)

Compare

Today's Range: $7.62
▼
$8.04
50-Day Range: $6.93
▼
$8.31
52-Week Range: $3.14
▼
$9.29

Volume: 4.65 million shs
Average Volume: 6.58 million shs
Market Capitalization: $13.12 billion

P/E Ratio: 19.85
Dividend Yield: N/A
Price Target: $9.14

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 17.5% Upside
$9.14 Price Target
Short Interest: Healthy
1.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.41
Based on 3 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.

2.62 out of 5 stars

Computer And Technology Sector

89th out of 598 stocks

Radio Broadcasting Stations Industry

3rd out of 10 stocks

3.4

Analyst's Opinion

Consensus Rating
Tencent 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/Downside
According 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 Coverage
Tencent Music Entertainment Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.19% of the outstanding shares of Tencent Music Entertainment Group have been sold short.
Short Interest Ratio / Days to Cover
Tencent 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 month
Short interest in Tencent Music Entertainment Group has recently increased by 4.06%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Tencent Music Entertainment Group does not currently pay a dividend.
Dividend Growth
Tencent Music Entertainment Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TME.

3.0

News and Social Media Coverage

News Sentiment
Tencent 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 Week
MarketBeat has tracked 3 news articles for Tencent Music Entertainment Group this week, compared to 4 articles on an average week.
Search Interest
Only 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 Follows
5 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 21.77% of the stock of Tencent Music Entertainment Group is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Tencent 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 Ratio
Tencent 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.

See Top Rated MarketRank™ Stocks Here

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

June 7, 2023 | finance.yahoo.com

Earnings Estimates Moving Higher for Tencent Music Entertainment Group Sponsored ADR (TME): Time to Buy?

May 31, 2023 | finance.yahoo.com

10 Most Undervalued Hong Kong Stocks To Buy According To Hedge Funds

June 9, 2023 | Edge On The Street (Ad)

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May 31, 2023 | benzinga.com

Why Tencent Music Entertainment (TME) Shares Are Falling

May 30, 2023 | finance.yahoo.com

Does Tencent Music Entertainment Group Sponsored ADR (TME) Have the Potential to Rally 34.59% as Wall Street Analysts Expect?

May 23, 2023 | msn.com

South Korea's HYBE signs deal with China's Tencent Music

May 22, 2023 | finance.yahoo.com

Tencent Music Entertainment Group to Hold Annual General Meeting on June 30, 2023

May 21, 2023 | americanbankingnews.com

51job Reiterates Maintains Rating for Tencent Music Entertainment Group (NYSE:TME)

June 9, 2023 | Edge On The Street (Ad)

Graphite versus Lithium - What Investors Should Know

May 21, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Receives $9.33 Consensus PT from Analysts

May 20, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Lifted to Buy at Citigroup

May 20, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Price Target Increased to $8.40 by Analysts at HSBC

May 19, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Shares Up 6.5% After Analyst Upgrade

May 18, 2023 | msn.com

Benchmark Reiterates Tencent Music Entertainment Group - ADR (TME) Buy Recommendation

May 18, 2023 | msn.com

Macquarie Upgrades Tencent Music Entertainment Group - ADR (TME)

May 18, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Sees Large Volume Increase

May 17, 2023 | msn.com

Tencent Music rises 9% as analysts boost ratings after earnings

May 17, 2023 | markets.businessinsider.com

Analyst Ratings for Tencent Music Enter Gr

May 17, 2023 | msn.com

Citigroup Upgrades Tencent Music Entertainment Group - ADR (TME)

May 17, 2023 | za.investing.com

Tencent Music earns several analyst upgrades after earnings; Shares up

May 17, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Price Target Increased to $11.00 by Analysts at Mizuho

May 17, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Upgraded at China Renaissance

May 17, 2023 | finance.yahoo.com

Tencent Music Entertainment Group: Tencent Music Earnings: Margin Expansion Should Drive Earnings Growth in the Near Future

May 17, 2023 | finance.yahoo.com

Q1 2023 Tencent Music Entertainment Group Earnings Presentation

May 17, 2023 | americanbankingnews.com

Tencent Music Entertainment Group (NYSE:TME) Upgraded at Macquarie

May 17, 2023 | msn.com

Tencent Music Profits Leap as Streaming Subscriptions Climb

May 16, 2023 | msn.com

Tencent Music's First-Quarter Results Top Views as Online Music Paying Users Advance

See More Headlines

TME Price History

30 days | 90 days | 365 days | Advanced Chart

TME Company Calendar

Last Earnings: 3/21/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:TME
CUSIP: N/A
CIK: 1744676
Web: www.tencentmusic.com
Phone: 8675586013388
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: +19.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.39
Trailing P/E Ratio: 19.56
Forward P/E Ratio: 15.26
P/E Growth: 0.56
Net Income: $546.40 million
Net Margins: 14.68%
Pretax Margin: 17.58%
Return on Equity: 9.09%
Return on Assets: 6.68%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 2.35
Quick Ratio: 2.35

Sales & Book Value

Annual Sales: $4.11 billion
Price / Sales: 3.15
Cash Flow: $0.44 per share
Price / Cash Flow: 17.18
Book Value: $4.31 per share
Price / Book: 1.77

Miscellaneous

Outstanding Shares: 1,695,080,000
Free Float: N/A
Market Cap: $12.93 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

Key Competitors

View All Competitors

Institutional Ownership

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

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

Tencent Music Entertainment Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tencent Music Entertainment Group (NYSE:TME) Stock

TME Stock News Headlines

TME Price History

TME Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

TME Stock - Frequently Asked Questions

Overall MarketRank^™