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In 20 years, this little-known trader didn’t have a single losing year… (Ad)
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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
NYSE:TME

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

$4.06
+0.05 (+1.25%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.00
$4.18
50-Day Range
$3.86
$5.14
52-Week Range
$2.95
$9.10
Volume
6.88 million shs
Average Volume
8.10 million shs
Market Capitalization
$6.88 billion
P/E Ratio
15.62
Dividend Yield
N/A
Price Target
$5.82

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
43.3% Upside
$5.82 Price Target
Short Interest
Healthy
1.76% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.44mentions of Tencent Music Entertainment Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.33%
From $0.30 to $0.31 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Computer And Technology Sector

278th out of 652 stocks

Radio Broadcasting Stations Industry

6th out of 10 stocks

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

11 Best Chinese Stocks To Buy Now
Tencent Music Entertainment Group (NYSE: TME)
Tencent Music Entertainment Group (NYSE:TME) Stock Price Down 4.8%
Why Tencent Music Stock Dropped Today
Tencent Music Entertainment Has Muted Debut in Hong Kong
Tencent Music Plans Hong Kong Debut as Soon as Next Week
TME vs. RELX: Which Stock Is the Better Value Option?
See More Headlines
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TME Company Calendar

Last Earnings
8/15/2022
Today
10/02/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$5.82
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$3.50
Forecasted Upside/Downside
+43.3%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$469.49 million
Pretax Margin
11.40%

Debt

Sales & Book Value

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

Miscellaneous

Outstanding Shares
1,695,080,000
Free Float
N/A
Market Cap
$6.88 billion
Optionable
Optionable
Beta
0.60

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. Cheuk Tung Yip (Age 41)
    Chief Strategy Officer & Head of Ultimate Music
  • Millicent T.
    Vice Gen. Mang.
  • Ms. Heather Diwu
    Investor Relations Officer













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 year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TME shares. 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 TME analyst ratings
or view top-rated stocks.

What is Tencent Music Entertainment Group's stock price forecast for 2022?

4 equities research analysts have issued 1-year target prices for Tencent Music Entertainment Group's shares. Their TME share price forecasts range from $3.50 to $9.00. On average, they expect the company's share price to reach $5.82 in the next twelve months. This suggests a possible upside of 43.3% from the stock's current price.
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 on January 1st, 2022. Since then, TME stock has decreased by 40.7% and is now trading at $4.06.
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, November 14th 2022.
View our TME earnings forecast
.

How were Tencent Music Entertainment Group's earnings last quarter?

Tencent Music Entertainment Group (NYSE:TME) issued its earnings results on Monday, August, 15th. The company reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 6.10% and a net margin of 9.43%.

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 on Wednesday, December 12th 2018. The company issued 82,000,000 shares at a price of $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 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 $4.06.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $6.88 billion and generates $4.90 billion in revenue each year. The company earns $469.49 million in net income (profit) each year or $0.26 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 10/2/2022 by MarketBeat.com Staff

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