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S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$5.02
-0.05 (-0.99%)
(As of 06/30/2022 12:00 AM ET)
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Today's Range
$4.83
$5.08
50-Day Range
$3.67
$5.07
52-Week Range
$2.95
$15.62
Volume
15.41 million shs
Average Volume
17.45 million shs
Market Capitalization
$8.42 billion
P/E Ratio
19.31
Dividend Yield
N/A
Price Target
$9.20
30 days | 90 days | 365 days | Advanced Chart

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TME Stock Forecast (MarketRank)

Overall MarketRank

1.85 out of 5 stars

Computer And Technology Sector

530th out of 937 stocks

Radio Broadcasting Stations Industry

7th out of 16 stocks

Analyst Opinion: 3.0Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
Tencent Music Entertainment Group logo

About Tencent Music Entertainment Group (NYSE:TME)

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.

TME Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/16/2022
Today
6/30/2022
Next Earnings (Estimated)
8/15/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$9.20
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$3.50
Forecasted Upside/Downside
+83.3%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
12 Analysts

Profitability

Net Income
$469.49 million
Pretax Margin
10.89%

Debt

Sales & Book Value

Annual Sales
$4.90 billion
Cash Flow
$0.41 per share
Book Value
$4.72 per share

Miscellaneous

Outstanding Shares
1,677,530,000
Free Float
N/A
Market Cap
$8.42 billion
Optionable
Optionable
Beta
1.12

Social Links















Tencent Music Entertainment Group Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 is Tencent Music Entertainment Group's stock price forecast for 2022?

12 brokerages have issued twelve-month target prices for Tencent Music Entertainment Group's stock. Their TME stock forecasts range from $3.50 to $18.00. On average, they expect Tencent Music Entertainment Group's stock price to reach $9.20 in the next twelve months. This suggests a possible upside of 83.3% from the stock's current price.
View analysts' price targets for Tencent Music Entertainment Group
or view top-rated stocks among Wall Street analysts.

How has Tencent Music Entertainment Group's stock performed in 2022?

Tencent Music Entertainment Group's stock was trading at $6.85 at the beginning of the year. Since then, TME shares have decreased by 26.7% and is now trading at $5.02.
View the best growth stocks for 2022 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, August 15th 2022.
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) released its quarterly earnings data on Monday, May, 16th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.06 by $0.48. The business had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $6.65 billion. Tencent Music Entertainment Group had a net margin of 9.01% and a trailing twelve-month return on equity of 6.21%. Tencent Music Entertainment Group's quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share.
View Tencent Music Entertainment Group's earnings history
.

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Mr. Kar Shun Pang, Exec. Chairman (Age 48)
  • Mr. Zhu Liang, CEO & Director (Age 46)
  • Mr. Zhenyu Xie, Pres, CTO & Director (Age 47)
  • Ms. Min Hu, Chief Financial Officer (Age 49)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer & Head of Ultimate Music (Age 41)
  • Millicent T., Vice Gen. Mang.
  • Ms. Heather Diwu, Investor Relations Officer

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 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."

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 $5.02.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $8.42 billion and generates $4.90 billion in revenue each year. The company earns $469.49 million in net income (profit) each year or $0.259990 on an earnings per share basis.

How many employees does Tencent Music Entertainment Group have?

Tencent Music Entertainment Group employs 5,966 workers across the globe.

When was Tencent Music Entertainment Group founded?

Tencent Music Entertainment Group was founded in 2016.

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 Tencent Music Entertainment Group is www.tencentmusic.com. The company can be reached via phone at 8675586013388 or via email at [email protected].

This page (NYSE:TME) was last updated on 7/1/2022 by MarketBeat.com Staff

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