NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$7.44
0.00 (0.00 %)
(As of 09/23/2021 12:00 AM ET)
Add
Compare
Today's Range
$7.35
$7.59
50-Day Range
$7.23
$12.40
52-Week Range
$7.03
$32.25
Volume9.35 million shs
Average Volume22.95 million shs
Market Capitalization$12.48 billion
P/E Ratio20.11
Dividend YieldN/A
Beta1.01
30 days | 90 days | 365 days | Advanced Chart
Receive TME 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.


Tencent Music Entertainment Group logo

About Tencent Music Entertainment Group

Tencent Music Entertainment Group engages in the operation of an online music entertainment platform. Its platform comprises of online music, online karaoke, and music-centric live streaming products. The company was founded on June 6, 2012 and is headquartered in Beijing, China.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

2.03 out of 5 stars

Computer And Technology Sector

412th out of 858 stocks

Radio Broadcasting Stations Industry

6th out of 15 stocks

Analyst Opinion: 4.1Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











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

Is Tencent Music Entertainment Group a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Tencent Music Entertainment Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TME, but not buy additional shares or sell existing shares.
View analyst ratings for Tencent Music Entertainment Group
or view top-rated stocks.

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

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

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 28,170,000 shares, an increase of 28.2% from the August 15th total of 21,970,000 shares. Based on an average daily trading volume, of 17,460,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.5% of the shares of the stock are short sold.
View Tencent Music Entertainment Group's Short Interest
.

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

Tencent Music Entertainment Group is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 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) announced its quarterly earnings results on Sunday, August, 15th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.08 by $0.58. The firm had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $8.10 billion. Tencent Music Entertainment Group had a net margin of 12.83% and a trailing twelve-month return on equity of 8.68%. The business's revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS.
View Tencent Music Entertainment Group's earnings history
.

How has Tencent Music Entertainment Group's stock price 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 decreased by 36.7% and is now trading at $7.44.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for TME?

15 brokerages have issued twelve-month target prices for Tencent Music Entertainment Group's shares. Their forecasts range from $5.10 to $28.00. On average, they expect Tencent Music Entertainment Group's share price to reach $17.16 in the next twelve months. This suggests a possible upside of 130.7% from the stock's current price.
View analysts' price targets for Tencent Music Entertainment Group
or view top-rated stocks among Wall Street analysts.

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Liang Zhu, Chief Executive Officer & Director
  • Zhen Yu Xie, President, Director & Chief Technology Officer
  • Min Hu, Chief Financial Officer
  • Cheuk Tung Yip, Chief Strategy Officer & Group VP-Ultimate Music

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).

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 served 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 institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.72%), Invesco Ltd. (2.06%), BlackRock Inc. (1.69%), Ninety One UK Ltd (1.29%), Vanguard Group Inc. (1.24%) and Jefferies Group LLC (0.00%).

Which major investors are selling Tencent Music Entertainment Group stock?

TME stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Renaissance Technologies LLC, Parallax Volatility Advisers L.P., Healthcare of Ontario Pension Plan Trust Fund, Marshall Wace LLP, Marshall Wace LLP, Bank of America Corp DE, and SG Americas Securities LLC.

Which major investors are buying Tencent Music Entertainment Group stock?

TME stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Jefferies Group LLC, BlackRock Inc., Coronation Fund Managers Ltd., State Street Corp, Franklin Resources Inc., American Century Companies Inc., and Vanguard Group 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.
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 $7.44.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $12.48 billion and generates $4.47 billion in revenue each year. The company earns $602.06 million in net income (profit) each year or $0.40 on an earnings per share basis.

How many employees does Tencent Music Entertainment Group have?

Tencent Music Entertainment Group employs 2,020 workers across the globe.

When was Tencent Music Entertainment Group founded?

Tencent Music Entertainment Group was founded in 2016.

What is Tencent Music Entertainment Group's official website?

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

Where are Tencent Music Entertainment Group's headquarters?

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 8675586013388 or via email at [email protected].


This page was last updated on 9/24/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.