S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
'Enough Venom to Fill a Martini Glass and Kill 5 People': An Amazon Driver Was Bitten By a Rattlesnake on the Job in Florida
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
'Enough Venom to Fill a Martini Glass and Kill 5 People': An Amazon Driver Was Bitten By a Rattlesnake on the Job in Florida
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
'Enough Venom to Fill a Martini Glass and Kill 5 People': An Amazon Driver Was Bitten By a Rattlesnake on the Job in Florida
S&P 500   4,402.20
DOW   34,440.88
QQQ   364.54
3 ETFs for the Conservative Investor to Buy and Hold
Is Gold Really Boring? (Ad)
Are These Consumer Staples Too Cheap for Investors To Ignore?
Stock market today: Wall Street poised for more losses after Fed says rates may stay high in '24
Is Gold Really Boring? (Ad)
3 Reasons This Tech Giant Is Going Back To Highs
A small venture capital player becomes a symbol in the fight over corporate diversity policies
Is Gold Really Boring? (Ad)
Markets Are Loving These Stocks 'Firing On All Cylinders'
'Enough Venom to Fill a Martini Glass and Kill 5 People': An Amazon Driver Was Bitten By a Rattlesnake on the Job in Florida
NYSE:TME

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

$6.11
-0.11 (-1.77%)
(As of 09/20/2023 ET)
Compare
Today's Range
$6.11
$6.31
50-Day Range
$6.08
$7.91
52-Week Range
$3.14
$9.29
Volume
8.95 million shs
Average Volume
6.82 million shs
Market Capitalization
$10.49 billion
P/E Ratio
14.55
Dividend Yield
N/A
Price Target
$8.72

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
42.7% Upside
$8.72 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.12mentions of Tencent Music Entertainment Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.22%
From $0.46 to $0.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Computer And Technology Sector

40th out of 586 stocks

Radio Broadcasting Stations Industry

3rd out of 9 stocks


TME stock logo

About Tencent Music Entertainment Group (NYSE:TME) Stock

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 Price History

TME Stock News Headlines

How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Q2 2023 Tencent Music Entertainment Group Earnings Call
Earnings Outlook For Tencent Music Enter Gr
See 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.

TME Company Calendar

Last Earnings
8/15/2023
Today
9/21/2023
Next Earnings (Estimated)
11/21/2023
Fiscal Year End
12/31/2023

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 Forecast
$8.72
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+42.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$546.40 million
Pretax Margin
19.14%

Debt

Sales & Book Value

Annual Sales
$4.11 billion
Cash Flow
$0.42 per share
Book Value
$4.25 per share

Miscellaneous

Outstanding Shares
1,716,080,000
Free Float
N/A
Market Cap
$10.49 billion
Optionable
Optionable
Beta
0.81

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Key Executives

  • Mr. 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 Diwu
    Investor Relations Officer













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 twelve months. 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 analysts have issued 1 year price objectives for Tencent Music Entertainment Group's shares. Their TME share price forecasts range from $7.00 to $11.00. On average, they anticipate the company's share price to reach $8.72 in the next twelve months. This suggests a possible upside of 42.7% 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 2023. Since then, TME stock has decreased by 26.2% and is now trading at $6.11.
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 volume of 7,410,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.8% of the company's shares 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 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) posted its quarterly earnings data on Tuesday, August, 15th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by $0.06. The firm had revenue of $7.29 billion for the quarter, compared to analyst estimates 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%. Tencent Music Entertainment Group's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS.

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 (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 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.

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 many different 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 $6.11.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $10.49 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 9/21/2023 by MarketBeat.com Staff

My Account -