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Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
NYSE:TME

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

$8.67
-0.33 (-3.67%)
(As of 01/27/2023 08:56 PM ET)
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Today's Range
$8.56
$8.95
50-Day Range
$5.56
$9.18
52-Week Range
$2.95
$9.29
Volume
6.78 million shs
Average Volume
7.85 million shs
Market Capitalization
$14.70 billion
P/E Ratio
30.96
Dividend Yield
N/A
Price Target
$7.02

Tencent Music Entertainment Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.0% Downside
$7.02 Price Target
Short Interest
Healthy
1.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.40mentions of Tencent Music Entertainment Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.32%
From $0.37 to $0.46 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Computer And Technology Sector

88th out of 630 stocks

Radio Broadcasting Stations Industry

2nd out of 11 stocks


TME stock logo

About Tencent Music Entertainment Group (NYSE:TME) Stock

Tencent Music Entertainment Group is a holding company, which engages in the operation of an online music and audio entertainment platform. Its platform is composed of online music, online audio, online karaoke, music-centric live streaming, and online concert services. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

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TME Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
What 4 Analyst Ratings Have To Say About Tencent Music Enter Gr
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
3 Stocks Not Cooling Down in December
12 Best Asian Stocks To Buy Heading Into 2023
See More Headlines
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TME Company Calendar

Last Earnings
11/15/2022
Today
1/30/2023
Next Earnings (Estimated)
3/20/2023
Fiscal Year End
12/31/2023

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
$7.02
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$3.90
Forecasted Upside/Downside
-19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$469.49 million
Pretax Margin
12.72%

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
$14.70 billion
Optionable
Optionable
Beta
0.79

Social Links


Key Executives

  • Zhu Liang
    Chief Executive Officer & Director
  • Zhen Yu Xie
    President, Director & Chief Technology Officer
  • Min Hu
    Chief Financial Officer
  • Cheuk Tung Yip
    Chief Strategy Officer & Head-Ultimate Music













TME Stock - Frequently Asked Questions

Should I buy or sell Tencent Music Entertainment Group stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TME shares.
View TME analyst ratings
or view top-rated stocks.

What is Tencent Music Entertainment Group's stock price forecast for 2023?

6 Wall Street analysts have issued 12-month price targets for Tencent Music Entertainment Group's stock. Their TME share price forecasts range from $3.90 to $8.50. On average, they anticipate the company's stock price to reach $7.02 in the next twelve months. This suggests that the stock has a possible downside of 19.0%.
View analysts price targets for TME
or view top-rated stocks among Wall Street analysts.

How have TME shares performed in 2023?

Tencent Music Entertainment Group's stock was trading at $8.28 at the beginning of 2023. Since then, TME shares have increased by 4.7% and is now trading at $8.67.
View the best growth stocks for 2023 here
.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest in December. As of December 15th, there was short interest totaling 28,610,000 shares, an increase of 32.8% from the November 30th total of 21,540,000 shares. Based on an average daily trading volume, of 12,420,000 shares, the days-to-cover ratio is presently 2.3 days.
View Tencent Music Entertainment Group's Short Interest
.

When is Tencent Music Entertainment Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 20th 2023.
View our TME earnings forecast
.

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

Tencent Music Entertainment Group (NYSE:TME) announced its earnings results on Tuesday, November, 15th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Tencent Music Entertainment Group had a net margin of 10.61% and a trailing twelve-month return on equity of 6.74%.

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 IPO 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (1.74%), Allspring Global Investments Holdings LLC (0.65%), National Bank of Canada FI (0.02%), Greenleaf Trust (0.00%), Sequoia Financial Advisors LLC (0.00%) and Janiczek Wealth Management LLC (0.00%).

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 $8.67.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $14.70 billion and generates $4.90 billion in revenue each year. The company earns $469.49 million in net income (profit) each year or $0.28 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 1/30/2023 by MarketBeat.com Staff