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

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

Tencent Music Entertainment Group - (NYSE:TME) posted its earnings results on Monday, November, 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.66. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.43 billion. Tencent Music Entertainment Group had a net margin of 8.77% and a return on equity of 6.11%. The firm's revenue was up 31.0% on a year-over-year basis. View Tencent Music Entertainment Group's Earnings History.

Tencent Music Entertainment Group is scheduled to release their next quarterly earnings announcement on Monday, March 16th 2020. View Earnings Estimates for Tencent Music Entertainment Group.

Tencent Music Entertainment Group will be holding an earnings conference call on Monday, March 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

13 brokerages have issued twelve-month target prices for Tencent Music Entertainment Group's stock. Their forecasts range from $12.89 to $18.00. On average, they anticipate Tencent Music Entertainment Group's share price to reach $16.64 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price. View Analyst Price Targets for Tencent Music Entertainment Group.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tencent Music Entertainment Group.

News coverage about TME stock has trended very negative on Saturday, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tencent Music Entertainment Group earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next several days. View News Stories for Tencent Music Entertainment Group.

Tencent Music Entertainment Group saw a decline in short interest in February. As of February 14th, there was short interest totalling 36,270,000 shares, a decline of 5.8% from the January 30th total of 38,490,000 shares. Based on an average daily volume of 7,450,000 shares, the short-interest ratio is presently 4.9 days. Approximately 11.9% of the company's stock are sold short. View Tencent Music Entertainment Group's Current Options Chain.

Some companies that are related to Tencent Music Entertainment Group include Sirius XM (SIRI), Spotify (SPOT), Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Cumulus Media (CMLS), Townsquare Media (TSQ), iHeartMedia (IHRTQ), Urban One (UONE), Beasley Broadcast Group (BBGI), Urban One (UONEK), Emmis Communications (EMMS), MODERN MEDIA AC/SH SH (MMDM), Salem Media Group (SALM) and Spanish Broadcasting System (SBSAA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tencent Music Entertainment Group investors own include Alibaba Group (BABA), IQIYI (IQ), NVIDIA (NVDA), Roku (ROKU), TENCENT HOLDING/ADR (TCEHY), Canopy Growth (CGC), Advanced Micro Devices (AMD), Netflix (NFLX), Paypal (PYPL) and NIO (NIO).

(TME) raised $1.1 billion in an 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.

Tencent Music Entertainment Group's stock is owned by many different of institutional and retail investors. Top institutional investors include D1 Capital Partners L.P. (1.43%), Baillie Gifford & Co. (0.99%), Goldman Sachs Group Inc. (0.55%), William Blair Investment Management LLC (0.41%), Credit Suisse AG (0.39%) and Honeycomb Asset Management LP (0.39%).

TME stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Krane Funds Advisors LLC, Dragoneer Investment Group LLC, Bamco Inc. NY, Swiss National Bank, Fosun International Ltd, Pictet Asset Management Ltd. and TD Asset Management Inc..

TME stock was acquired by a variety of institutional investors in the last quarter, including Honeycomb Asset Management LP, Jefferies Group LLC, Coronation Fund Managers Ltd., Credit Suisse AG, D1 Capital Partners L.P., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd and Marshall Wace LLP.

Shares of TME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TME stock can currently be purchased for approximately $12.13.

Tencent Music Entertainment Group has a market capitalization of $19.81 billion and generates $2.76 billion in revenue each year. The company earns $276.97 million in net income (profit) each year or $0.20 on an earnings per share basis. Tencent Music Entertainment Group employs 3,041 workers across the globe.View Additional Information About 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.