Tencent Music Entertainment Group Stock Forecast, Price & News

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

Is Tencent Music Entertainment Group a buy right now?

15 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 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 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 in 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 trading volume of 17,460,000 shares, the short-interest ratio is currently 1.6 days. Approximately 3.5% of the company's shares 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) issued its earnings results on Sunday, August, 15th. The company reported $0.66 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.58. The firm had revenue of $8.01 billion for the quarter, compared to analyst estimates 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 business posted $0.70 EPS.
View Tencent Music Entertainment Group's earnings history.

How has Tencent Music Entertainment Group's stock been impacted by Coronavirus?

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TME shares have decreased by 38.9% and is now trading at $7.19.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for TME?

15 brokerages have issued 1-year price objectives for Tencent Music Entertainment Group's shares. Their forecasts range from $5.10 to $28.00. On average, they anticipate Tencent Music Entertainment Group's share price to reach $17.16 in the next twelve months. This suggests a possible upside of 138.7% 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

Who are some of Tencent Music Entertainment Group's key competitors?

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

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 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 many different retail and institutional 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.
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What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $7.19.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $12.06 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?

Tencent Music Entertainment Group is headquartered at 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057.

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].