×
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$4.96
+0.17 (+3.55%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.70
$4.97
50-Day Range
$3.67
$4.96
52-Week Range
$2.95
$16.17
Volume
10.24 million shs
Average Volume
15.40 million shs
Market Capitalization
N/A
P/E Ratio
19.08
Dividend Yield
N/A
Price Target
$9.20
30 days | 90 days | 365 days | Advanced Chart

Receive TME Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter.

TME Stock Forecast (MarketRank)

Overall MarketRank

1.72 out of 5 stars

Analyst Opinion: 3.0Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 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

See More Headlines

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
6/26/2022
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
+85.5%
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
$0.42 per share
Book Value
$4.72 per share

Miscellaneous

Free Float
N/A
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 year. 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 price objectives for Tencent Music Entertainment Group's stock. Their TME stock forecasts range from $3.50 to $18.00. On average, they anticipate Tencent Music Entertainment Group's stock price to reach $9.20 in the next twelve months. This suggests a possible upside of 85.5% 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 27.6% and is now trading at $4.96.
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 earnings results on Monday, May, 16th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.48. The firm earned $6.64 billion during the quarter, compared to the consensus estimate of $6.65 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 6.21% and a net margin of 9.01%. Tencent Music Entertainment Group's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $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 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."

Who are Tencent Music Entertainment Group's major shareholders?

Tencent Music Entertainment Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (0.00%), Canada Pension Plan Investment Board (0.00%), BlackRock Inc. (1.78%), Vanguard Group Inc. (0.00%), Krane Funds Advisors LLC (1.08%) and Coronation Fund Managers Ltd. (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 Bank of New York Mellon Corp, APG Asset Management N.V., California Public Employees Retirement System, GW&K Investment Management LLC, Baillie Gifford & Co., Nomura Holdings Inc., PEAK6 Investments LLC, and TB Alternative Assets Ltd..

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 Federated Hermes Inc., Invesco Ltd., Krane Funds Advisors LLC, 1832 Asset Management L.P., Dimensional Fund Advisors LP, BlackRock Inc., Coronation Fund Managers Ltd., and National Bank of Canada FI.

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 $4.96.

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 6/26/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.