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Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
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Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis

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

$11.36
-0.22 (-1.90%)
(As of 04/19/2024 ET)
Today's Range
$11.23
$11.53
50-Day Range
$9.47
$11.91
52-Week Range
$5.70
$12.00
Volume
4.96 million shs
Average Volume
6.15 million shs
Market Capitalization
$19.49 billion
P/E Ratio
25.82
Dividend Yield
N/A
Price Target
$11.63

Tencent Music Entertainment Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
2.4% Upside
$11.63 Price Target
Short Interest
Healthy
2.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.50mentions of Tencent Music Entertainment Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.86%
From $0.58 to $0.73 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.

3.87 out of 5 stars

Computer And Technology Sector

174th out of 586 stocks

Radio Broadcasting Stations Industry

4th 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

Tencent Music Entertainment Group (NYSE:TME) Trading Down 1.8%
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
See More Headlines
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Company Calendar

Last Earnings
3/19/2024
Today
4/20/2024
Next Earnings (Confirmed)
5/13/2024
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
$11.63
High Stock Price Target
$14.00
Low Stock Price Target
$7.40
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$693 million
Pretax Margin
21.77%

Debt

Sales & Book Value

Annual Sales
$3.91 billion
Cash Flow
$0.59 per share
Book Value
$4.70 per share

Miscellaneous

Outstanding Shares
1,716,080,000
Free Float
N/A
Market Cap
$19.49 billion
Optionable
Optionable
Beta
0.81

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TME Stock Analysis - Frequently Asked Questions

Should I buy or sell Tencent Music Entertainment Group stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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?

13 brokers have issued 1 year target prices for Tencent Music Entertainment Group's stock. Their TME share price targets range from $7.40 to $14.00. On average, they expect the company's stock price to reach $11.63 in the next twelve months. This suggests a possible upside of 2.4% 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 2024?

Tencent Music Entertainment Group's stock was trading at $9.01 at the beginning of 2024. Since then, TME shares have increased by 26.1% and is now trading at $11.36.
View the best growth stocks for 2024 here
.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 21,000,000 shares, a decline of 31.4% from the March 15th total of 30,590,000 shares. Based on an average daily volume of 8,980,000 shares, the short-interest ratio is currently 2.3 days. Approximately 2.9% of the shares of the company are short sold.
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 Monday, May 13th 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 Monday, May 13th 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) issued its quarterly earnings data on Tuesday, March, 19th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $971 million for the quarter, compared to the consensus estimate of $925.06 million. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.68% and a net margin of 17.71%.

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?

Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering 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 acted 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 investors include Allspring Global Investments Holdings LLC (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Matthews International Capital Management LLC (0.11%), Perpetual Ltd (0.09%), Los Angeles Capital Management LLC (0.02%) and IMC Chicago LLC (0.00%).

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 4/21/2024 by MarketBeat.com Staff

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