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NYSE:TME

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

$8.03
+0.69 (+9.40%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.53
▼
$8.08
50-Day Range
$3.61
▼
$8.03
52-Week Range
$2.95
▼
$8.07
Volume
24.86 million shs
Average Volume
14.21 million shs
Market Capitalization
$13.61 billion
P/E Ratio
28.68
Dividend Yield
N/A
Price Target
$6.43

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.9% Downside
$6.43 Price Target
Short Interest
Healthy
1.33% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.13mentions of Tencent Music Entertainment Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.65%
From $0.34 to $0.40 Per Share

Overall MarketRank™

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

2.38 out of 5 stars

Computer And Technology Sector

248th out of 621 stocks

Radio Broadcasting Stations Industry

4th out of 11 stocks

See Top Rated MarketRank™ Stocks Here
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 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 Music, Kuwo Music, WeSing, QQ Music, 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; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. 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. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

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TME Stock News Headlines

December 8, 2022 | msn.com
Tencent Music Entertainment, Bilibili Are Among These Overbought Majors In The Communication Services Sector
December 6, 2022 | americanbankingnews.com
Tencent Music Entertainment Group (NYSE:TME) Receives $6.23 Average Target Price from Analysts
December 8, 2022 | Investing Trends (Ad)
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
December 2, 2022 | americanbankingnews.com
Tencent Music Entertainment Group (NYSE:TME) Upgraded to Overweight by Morgan Stanley
December 1, 2022 | americanbankingnews.com
Tencent Music Entertainment Group (NYSE:TME) Sees Large Volume Increase
November 24, 2022 | finance.yahoo.com
12 Best Asian Stocks To Buy Heading Into 2023
November 22, 2022 | seekingalpha.com
Tencent Music Hears Happy Tunes From Growing List Of Paying Users
November 22, 2022 | finance.yahoo.com
Tencent Music Entertainment Group to Hold Annual General Meeting and Class Meetings on December 30, 2022
December 8, 2022 | Investing Trends (Ad)
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
November 22, 2022 | finance.yahoo.com
Tencent Music Entertainment Group Announced Performance Report for Its Overseas Service by Tencent Musician Platform
November 22, 2022 | finance.yahoo.com
Tencent Music stock jumps after J.P. Morgan recommends investors buy
November 20, 2022 | seekingalpha.com
Tencent Music: It's Time To Reconsider The Investment Opportunity
November 18, 2022 | finance.yahoo.com
Why Alibaba, Tencent Music Entertainment, and Huya Rallied This Week
November 17, 2022 | benzinga.com
Why Tencent Music Shares Are Soaring Higher Today
November 17, 2022 | seekingalpha.com
Tencent Music Entertainment slips even as Benchmark upgrades following Q3 results
November 15, 2022 | msn.com
More ads, paying users help China's Tencent Music beat Q3 estimates
November 15, 2022 | msn.com
Tencent Music Shares Jump After Strong Third-Quarter Results
November 15, 2022 | msn.com
China's Tencent Music Entertainment Tops Third-Quarter Views as Subscriber Base Grows
November 15, 2022 | seekingalpha.com
Tencent Music Entertainment Group (TME) Q3 2022 Earnings Call Transcript
November 15, 2022 | seekingalpha.com
Tencent Music Entertainment jumps 30% on strong Q3 performance
November 15, 2022 | finance.yahoo.com
Why Tencent Music Stock Was Moving Higher Today
November 15, 2022 | msn.com
China's Tencent Music results beat estimates as paying users rise
November 15, 2022 | markets.businessinsider.com
Tencent Music Entertainment Group Announces Third Quarter 2022 Unaudited Financial Results
November 10, 2022 | finance.yahoo.com
Why Tencent Music Entertainment (TME) Might Surprise This Earnings Season
November 9, 2022 | finance.yahoo.com
Ziff Davis (ZD) Q3 Earnings Meet Estimates, Revenues Fall Y/Y
November 9, 2022 | finance.yahoo.com
Should You Sell Tencent Music Entertainment Group (TME)?
November 1, 2022 | finance.yahoo.com
Will Bookings Growth Benefit Airbnb's (ABNB) Q3 Earnings?
See More Headlines
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TME Company Calendar

Last Earnings
11/15/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/20/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Radio broadcasting stations
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:TME
CUSIP
N/A
CIK
1744676
Web
www.tencentmusic.com
Phone
8675586013388
Fax
N/A
Employees
5,966
Year Founded
2016

Price Target and Rating

Average Stock Price Forecast
$6.43
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$3.90
Forecasted Upside/Downside
-19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.28
Trailing P/E Ratio
28.68
Forward P/E Ratio
23.62
P/E Growth
0.88
Net Income
$469.49 million
Net Margins
10.61%
Pretax Margin
12.72%
Return on Equity
6.74%
Return on Assets
4.99%

Debt

Debt-to-Equity Ratio
0.12
Current Ratio
2.15
Quick Ratio
2.15

Sales & Book Value

Annual Sales
$4.90 billion
Price / Sales
2.78
Cash Flow
$0.43 per share
Price / Cash Flow
18.60
Book Value
$4.72 per share
Price / Book
1.70

Miscellaneous

Outstanding Shares
1,695,077,000
Free Float
N/A
Market Cap
$13.61 billion
Optionable
Optionable
Beta
0.90

Social Links


Key Executives

  • Mr. Kar Shun Pang (Age 48)
    Exec. Chairman
  • Mr. Zhu Liang (Age 46)
    CEO & Director
  • Mr. Zhenyu Xie (Age 47)
    Pres, CTO & Director
  • Ms. Min Hu (Age 49)
    Chief Financial Officer
  • Mr. Tsai Chun Pan (Age 48)
    Group VP & Head of Content Cooperation Bus.
  • Mr. Lixue Shi (Age 47)
    Group VP & Head of Kuwo Bus. Unit
  • Mr. Cheuk Tung Yip (Age 41)
    Chief Strategy Officer
  • Ms. Linlin Chen (Age 41)
    Group VP & Head of Kugou Bus. Unit
  • Millicent T.
    Vice Gen. Mang.
  • Ms. Heather Diwu
    Investor Relations Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













TME Stock - Frequently Asked Questions

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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?

4 Wall Street analysts have issued 1 year price targets for Tencent Music Entertainment Group's stock. Their TME share price forecasts range from $3.90 to $8.50. On average, they expect the company's stock price to reach $6.43 in the next twelve months. This suggests that the stock has a possible downside of 19.9%.
View analysts price targets for TME or view top-rated stocks among Wall Street analysts.

How have TME shares performed in 2022?

Tencent Music Entertainment Group's stock was trading at $6.85 at the beginning of 2022. Since then, TME shares have increased by 17.2% and is now trading at $8.03.
View the best growth stocks for 2022 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) issued its quarterly earnings data 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 earned $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Tencent Music Entertainment Group had a net margin of 10.61% and a trailing twelve-month return on equity of 6.74%.

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.04%), Baillie Gifford & Co. (1.85%), Vanguard Group Inc. (1.41%), Krane Funds Advisors LLC (1.24%), State Street Corp (0.72%) and Allspring Global Investments Holdings LLC (0.66%).

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 $8.03.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $13.61 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 12/8/2022 by MarketBeat.com Staff