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

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. Since then, TME shares have increased by 36.3% and is now trading at $16.03.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Tencent Music Entertainment Group is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020.
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Tencent Music Entertainment Group will be holding an earnings conference call on Monday, August 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Tencent Music Entertainment Group - (NYSE:TME) posted its quarterly earnings data on Monday, May, 11th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.58. The company earned $6.31 billion during the quarter, compared to analyst estimates of $6.30 billion. Tencent Music Entertainment Group had a return on equity of 10.21% and a net margin of 14.94%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS.
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11 equities research analysts have issued 12-month price objectives for Tencent Music Entertainment Group's stock. Their forecasts range from $14.00 to $24.00. On average, they expect Tencent Music Entertainment Group's share price to reach $17.54 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
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Press coverage about TME stock has been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest 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 articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
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Some companies that are related to Tencent Music Entertainment Group include Spotify (SPOT), Sirius XM (SIRI), Urban One (UONE), Corus Entertainment (CJREF), Entercom Communications (ETM), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
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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).

(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 served 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "TME."

Tencent Music Entertainment Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Tiger Pacific Capital LP (0.41%), Matthews International Capital Management LLC (0.40%), Coronation Fund Managers Ltd. (0.32%), UBS Group AG (0.23%), GW&K Investment Management LLC (0.16%) and Sumitomo Mitsui Trust Holdings Inc. (0.08%).

TME stock was sold by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., Tiger Pacific Capital LP, EPIQ Capital Group LLC, Andra AP fonden, DekaBank Deutsche Girozentrale, Principal Financial Group Inc., Hosking Partners LLP, and Leap Investments LP.

TME stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Coronation Fund Managers Ltd., Matthews International Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, GW&K Investment Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, and KADENSA CAPITAL Ltd.

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 $16.03.

Tencent Music Entertainment Group has a market capitalization of $26.18 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.

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.