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NYSE:TMETencent Music Entertainment Group Stock Price, Forecast & News

$12.26
-0.29 (-2.31 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$12.08
Now: $12.26
$12.63
50-Day Range
$10.43
MA: $11.53
$12.92
52-Week Range
$9.22
Now: $12.26
$16.74
Volume12.37 million shs
Average Volume11.22 million shs
Market Capitalization$20.02 billion
P/E Ratio37.15
Dividend YieldN/A
Beta1.39
Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in 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 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. In addition, it sells music-related merchandise, including Kugou M1 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. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, Chiane. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
WebN/A
Phone86-755-8601-3388

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.65 billion
Cash Flow$0.43 per share
Book Value$3.87 per share

Profitability

Net Income$576.20 million

Miscellaneous

Employees3,610
Outstanding Shares1,632,990,000
Market Cap$20.02 billion
Next Earnings Date8/10/2020 (Estimated)
OptionableOptionable

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

How has Tencent Music Entertainment Group's stock 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 increased by 4.3% and is now trading at $12.26. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tencent Music Entertainment Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Tencent Music Entertainment Group.

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 10th 2020. 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) posted its quarterly earnings data on Monday, May, 11th. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.58. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.30 billion. Tencent Music Entertainment Group had a net margin of 14.94% and a return on equity of 10.21%. Tencent Music Entertainment Group's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. View Tencent Music Entertainment Group's earnings history.

What price target have analysts set for TME?

11 analysts have issued 12 month target prices for Tencent Music Entertainment Group's stock. Their forecasts range from $12.00 to $18.00. On average, they anticipate Tencent Music Entertainment Group's stock price to reach $16.11 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View analysts' price targets for Tencent Music Entertainment Group.

Has Tencent Music Entertainment Group been receiving favorable news coverage?

Headlines about TME stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tencent Music Entertainment Group earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutTencent Music Entertainment Group.

Who are some of Tencent Music Entertainment Group's key 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), IQIYI (IQ), TENCENT HOLDING/ADR (TCEHY), Roku (ROKU), NVIDIA (NVDA), Walt Disney (DIS), Canopy Growth (CGC), Netflix (NFLX), Advanced Micro Devices (AMD) and Square (SQ).

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Mr. Kar Shun Pang, CEO & Director (Age 44)
  • Mr. Zhenyu Xie, Co-Pres & Director (Age 43)
  • Mr. Guomin Xie, Co-Pres & Director (Age 44)
  • Ms. Min Hu, Chief Financial Officer (Age 46)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer (Age 37)

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 institutional and retail investors. Top institutional shareholders include Canada Pension Plan Investment Board (1.65%), Baillie Gifford & Co. (1.24%), Wellington Management Group LLP (0.84%), Vontobel Asset Management Inc. (0.83%), Morgan Stanley (0.74%) and Morgan Stanley (0.74%).

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 Morgan Stanley, Morgan Stanley, MERIAN GLOBAL INVESTORS UK Ltd, Coronation Fund Managers Ltd., Deutsche Bank AG, Wells Fargo & Company MN, Trexquant Investment LP, and Voloridge Investment Management LLC.

Which major investors are buying Tencent Music Entertainment Group stock?

TME stock was purchased by a variety of institutional investors in the last quarter, including Vontobel Asset Management Inc., Wellington Management Group LLP, Schroder Investment Management Group, Tiger Pacific Capital LP, Invesco Ltd., Baillie Gifford & Co., Assenagon Asset Management S.A., and Bank of New York Mellon Corp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $12.26.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $20.02 billion and generates $3.65 billion in revenue each year. The company earns $576.20 million in net income (profit) each year or $0.37 on an earnings per share basis. Tencent Music Entertainment Group employs 3,610 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 company can be reached via phone at 86-755-8601-3388.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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