S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Cassava Sciences Stock Undervalued with Its $124 Price Target?
Why Extreme Networks is a Recession-Proof Technology Play
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Cassava Sciences Stock Undervalued with Its $124 Price Target?
Why Extreme Networks is a Recession-Proof Technology Play
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Cassava Sciences Stock Undervalued with Its $124 Price Target?
Why Extreme Networks is a Recession-Proof Technology Play
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Cassava Sciences Stock Undervalued with Its $124 Price Target?
Why Extreme Networks is a Recession-Proof Technology Play
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
NYSE:TME

Tencent Music Entertainment Group - TME Stock Forecast, Price & News

$8.32
-0.35 (-4.04%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.78
$8.33
50-Day Range
$5.56
$9.18
52-Week Range
$2.95
$9.29
Volume
8.50 million shs
Average Volume
7.89 million shs
Market Capitalization
$14.10 billion
P/E Ratio
29.71
Dividend Yield
N/A
Price Target
$7.02

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
15.6% Downside
$7.02 Price Target
Short Interest
Healthy
1.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.32mentions of Tencent Music Entertainment Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.32%
From $0.37 to $0.46 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Computer And Technology Sector

88th out of 630 stocks

Radio Broadcasting Stations Industry

2nd out of 11 stocks


TME stock logo

About Tencent Music Entertainment Group (NYSE:TME) Stock

Tencent Music Entertainment Group is a holding company, which engages in the operation of an online music and audio entertainment platform. Its platform is composed of online music, online audio, online karaoke, music-centric live streaming, and online concert services. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

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 Stock News Headlines

Become an Investor in Brooklyn Gin
Award winning super-premium craft gin and upcoming Brooklyn distillerypixel
What 4 Analyst Ratings Have To Say About Tencent Music Enter Gr
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
3 Stocks Not Cooling Down in December
12 Best Asian Stocks To Buy Heading Into 2023
Why Tencent Music Shares Are Soaring Higher Today
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
11/15/2022
Today
1/30/2023
Next Earnings (Estimated)
3/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
5,966
Year Founded
2016

Price Target and Rating

Average Stock Price Forecast
$7.02
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$3.90
Forecasted Upside/Downside
-15.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$469.49 million
Pretax Margin
12.72%

Debt

Sales & Book Value

Annual Sales
$4.90 billion
Cash Flow
$0.39 per share
Book Value
$4.72 per share

Miscellaneous

Outstanding Shares
1,695,080,000
Free Float
N/A
Market Cap
$14.10 billion
Optionable
Optionable
Beta
0.79

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 & Head-Ultimate Music













TME Stock - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

6 equities research analysts have issued twelve-month price targets for Tencent Music Entertainment Group's stock. Their TME share price forecasts range from $3.90 to $8.50. On average, they anticipate the company's share price to reach $7.02 in the next year. This suggests that the stock has a possible downside of 15.6%.
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 on January 1st, 2023. Since then, TME stock has increased by 0.5% and is now trading at $8.32.
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, March 20th 2023.
View our TME earnings forecast
.

How were Tencent Music Entertainment Group's earnings last quarter?

Tencent Music Entertainment Group (NYSE:TME) announced its earnings results on Tuesday, November, 15th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 6.74% and a net margin of 10.61%.

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 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.

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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (1.74%), Allspring Global Investments Holdings LLC (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.10%), New York State Common Retirement Fund (0.02%), National Bank of Canada FI (0.02%) and Greenleaf Trust (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 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 $8.32.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $14.10 billion and generates $4.90 billion in revenue each year. The company earns $469.49 million in net income (profit) each year or $0.28 on an earnings per share basis.

How many employees does Tencent Music Entertainment Group have?

The company employs 5,966 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 1/31/2023 by MarketBeat.com Staff