Tencent Music Entertainment Group Stock Forecast, Price & News

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.
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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.
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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.

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.

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%.
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Some companies that are related to Tencent Music Entertainment Group include Spotify Technology (SPOT), Sirius XM (SIRI), Corus Entertainment (CJREF), Entercom Communications (ETM), Urban One (UONE), Cumulus Media (CMLS), Townsquare Media (TSQ), Saga Communications (SGA), iHeartMedia (IHRTQ), Urban One (UONEK), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), Spanish Broadcasting System (SBSAA), CÜR Media (CURM) and Interep National Radio Sales (IREP).
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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).

(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.

Tencent Music Entertainment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TME."

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%).

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.

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..

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.

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

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.

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

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.