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S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
pixel
S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
pixel
S&P 500   3,855.36
DOW   30,960.00
QQQ   328.11
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NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$27.21
+0.19 (+0.70 %)
(As of 01/25/2021 12:00 AM ET)
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Today's Range
$26.65
Now: $27.21
$28.06
50-Day Range
$16.81
MA: $20.48
$27.02
52-Week Range
$9.22
Now: $27.21
$28.84
Volume12.03 million shs
Average Volume13.45 million shs
Market Capitalization$44.43 billion
P/E Ratio80.03
Dividend YieldN/A
Beta1.34
Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 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. Tencent Music Entertainment Group has a strategic partnership with CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

MarketRank

Overall MarketRank

1.24 out of 5 stars

Computer And Technology Sector

484th out of 1,501 stocks

Radio Broadcasting Stations Industry

6th out of 20 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone86-755-8601-3388
Employees3,610
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.65 billion
Cash Flow$0.56 per share
Book Value$3.87 per share

Profitability

Net Income$576.20 million

Miscellaneous

Outstanding Shares1,632,990,000
Market Cap$44.43 billion
Next Earnings Date3/15/2021 (Estimated)
OptionableOptionable
$27.21
+0.19 (+0.70 %)
(As of 01/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

How has Tencent Music Entertainment Group's stock been impacted by COVID-19 (Coronavirus)?

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TME stock has increased by 131.4% and is now trading at $27.21.
View which stocks have been most impacted by COVID-19
.

Is Tencent Music Entertainment Group a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tencent Music Entertainment Group stock.
View analyst ratings for Tencent Music Entertainment Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Tencent Music Entertainment Group?

Wall Street analysts have given Tencent Music Entertainment Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tencent Music Entertainment Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Tencent Music Entertainment Group's next earnings date?

Tencent Music Entertainment Group is scheduled to release its next quarterly earnings announcement on Monday, March 15th 2021.
View our earnings forecast for Tencent Music Entertainment Group
.

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

Tencent Music Entertainment Group (NYSE:TME) issued its quarterly earnings data on Tuesday, November, 10th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.71. The company earned $7.58 billion during the quarter, compared to analyst estimates of $7.46 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.51% and a net margin of 14.25%. Tencent Music Entertainment Group's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS.
View Tencent Music Entertainment Group's earnings history
.

What price target have analysts set for TME?

9 Wall Street analysts have issued 12-month price objectives for Tencent Music Entertainment Group's shares. Their forecasts range from $14.00 to $28.00. On average, they expect Tencent Music Entertainment Group's stock price to reach $20.66 in the next twelve months. This suggests that the stock has a possible downside of 24.1%.
View analysts' price targets for Tencent Music Entertainment Group
or view Wall Street analyst' top-rated stocks.

Who are some of Tencent Music Entertainment Group's key competitors?

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), Square (SQ) and The Walt Disney (DIS).

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Mr. Kar Shun Pang, CEO & Director (Age 46)
  • Mr. Zhenyu Xie, Pres, CTO & Director (Age 45)
  • Ms. Min Hu, Chief Financial Officer (Age 48)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer & Head of Ultimate Music (Age 39)
  • Millicent T., Vice Gen. Mang.
  • Ms. Heather Diwu, Investor Relations Officer

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 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 Bellecapital International Ltd. (0.02%), TB Alternative Assets Ltd. (0.02%), E Fund Management Hong Kong Co. Ltd. (0.01%), Crossmark Global Holdings Inc. (0.00%), Confluence Investment Management LLC (0.00%) and Redpoint Investment Management Pty Ltd (0.00%).

Which institutional investors are selling Tencent Music Entertainment Group stock?

TME stock was sold by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., E Fund Management Hong Kong Co. Ltd., and Confluence Investment Management LLC.

Which institutional investors are buying Tencent Music Entertainment Group stock?

TME stock was purchased by a variety of institutional investors in the last quarter, including Bellecapital International Ltd., Redpoint Investment Management Pty Ltd, and Crossmark Global Holdings Inc..

How do I buy shares of Tencent Music Entertainment Group?

Shares of TME 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.

What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $27.21.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $44.43 billion and generates $3.65 billion in revenue each year. The company earns $576.20 million in net income (profit) each year or $0.37 on an earnings per share basis. Tencent Music Entertainment Group employs 3,610 workers across the globe.

What is Tencent Music Entertainment Group's official website?

The official website for Tencent Music Entertainment Group is www.tencentmusic.com.

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 company can be reached via phone at 86-755-8601-3388.

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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