NYSE:TME Tencent Music Entertainment Group - TME Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Tencent Music Entertainment Group Please log in to your account or sign up in order to add this asset to your watchlist. $8.42 -0.47 (-5.29%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.41▼$8.7550-Day Range$5.78▼$9.1852-Week Range$2.95▼$9.29Volume5.52 million shsAverage Volume7.12 million shsMarket Capitalization$14.27 billionP/E Ratio30.07Dividend YieldN/APrice Target$7.02 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tencent Music Entertainment Group MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside16.6% Downside$7.02 Price TargetShort InterestHealthy1.49% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.04Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth24.32%From $0.37 to $0.46 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.63 out of 5 starsComputer And Technology Sector72nd out of 610 stocksRadio Broadcasting Stations Industry1st out of 10 stocks 2.3 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.02, Tencent Music Entertainment Group has a forecasted downside of 16.6% from its current price of $8.42.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.49% of the outstanding shares of Tencent Music Entertainment Group have been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently decreased by 3.73%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldTencent Music Entertainment Group does not currently pay a dividend.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.9 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Tencent Music Entertainment Group this week, compared to 2 articles on an average week.Search Interest20 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows5 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 21.77% of the stock of Tencent Music Entertainment Group is held by institutions. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 24.32% in the coming year, from $0.37 to $0.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 30.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 30.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 408.78.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.78. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tencent Music Entertainment Group (NYSE:TME) StockTencent 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.Read More 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. Email Address TME Stock News HeadlinesFebruary 3, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Shares Gap Up to $8.39February 1, 2023 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Coverage Initiated at JPMorgan Chase & Co.February 4, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 31, 2023 | seekingalpha.comTencent Music: Near-Term Challenges But Long Term Could Be BetterJanuary 26, 2023 | finance.yahoo.comTencent Music Entertainment Group Sponsored ADR (TME) Crossed Above the 20-Day Moving Average: What That Means for InvestorsJanuary 25, 2023 | nasdaq.comFirst Week of February 17th Options Trading For Tencent Music Entertainment Group (TME)January 17, 2023 | finance.yahoo.comWhat Makes Tencent Music Entertainment Group Sponsored ADR (TME) a Strong Momentum Stock: Buy Now?January 16, 2023 | nasdaq.comTME or ABNB: Which Is the Better Value Stock Right Now?February 4, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 13, 2023 | msn.comWhat's Going On With Tencent Music Entertainment Stock TodayJanuary 9, 2023 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Tencent Music Enter GrJanuary 9, 2023 | benzinga.comTrueLake Files Third Lawsuit Claiming Copyright Infringement by Tencent Music Entertainment ("TME") SubsidiaryJanuary 4, 2023 | msn.comWhy Tencent Music Entertainment (TME) Shares Hit A New 52-Week High TodayDecember 30, 2022 | finance.yahoo.comTencent Music Entertainment Group Announces Poll Results of the 2022 Annual General Meeting and Class MeetingsDecember 28, 2022 | msn.comWhat's Going On With Tencent Music Entertainment SharesDecember 27, 2022 | msn.comWhy Tencent Music Entertainment Shares Are RisingDecember 20, 2022 | finance.yahoo.comZacks Investment Ideas feature highlights: Tencent Music Entertainment Group, MongoDB and DocuSignDecember 19, 2022 | finance.yahoo.com3 Stocks Not Cooling Down in DecemberDecember 13, 2022 | finance.yahoo.comThis Chinese Entertainment Stock Just Doubled in The Last Month - And Its Run May Be Just StartingDecember 12, 2022 | finance.yahoo.comAll You Need to Know About Tencent Music Entertainment Group Sponsored ADR (TME) Rating Upgrade to BuyDecember 12, 2022 | benzinga.comWhy Tencent Music (TME) Shares Are Falling During Monday's SessionDecember 8, 2022 | msn.comTencent Music Entertainment, Bilibili Are Among These Overbought Majors In The Communication Services SectorNovember 24, 2022 | finance.yahoo.com12 Best Asian Stocks To Buy Heading Into 2023November 22, 2022 | seekingalpha.comTencent Music Hears Happy Tunes From Growing List Of Paying UsersNovember 22, 2022 | finance.yahoo.comTencent Music Entertainment Group to Hold Annual General Meeting and Class Meetings on December 30, 2022November 22, 2022 | finance.yahoo.comTencent Music Entertainment Group Announced Performance Report for Its Overseas Service by Tencent Musician PlatformNovember 22, 2022 | finance.yahoo.comTencent Music stock jumps after J.P. Morgan recommends investors buySee More Headlines View Price History Chart DataSkip Price History Chart 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. Email Address TME Company Calendar Last Earnings11/15/2022Today2/04/2023Next Earnings (Estimated)3/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Radio broadcasting stations Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,966Year Founded2016Price Target and Rating Average Stock Price Forecast$7.02 High Stock Price Forecast$8.50 Low Stock Price Forecast$3.90 Forecasted Upside/Downside-16.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.28 Trailing P/E Ratio30.07 Forward P/E Ratio22.76 P/E Growth0.78Net Income$469.49 million Net Margins10.61% Pretax Margin12.72% Return on Equity6.74% Return on Assets4.99% Debt Debt-to-Equity Ratio0.12 Current Ratio2.15 Quick Ratio2.15 Sales & Book Value Annual Sales$4.90 billion Price / Sales2.91 Cash Flow$0.39 per share Price / Cash Flow21.70 Book Value$4.72 per share Price / Book1.78Miscellaneous Outstanding Shares1,695,080,000Free FloatN/AMarket Cap$14.27 billion OptionableOptionable Beta0.78 Social Links Key ExecutivesZhu LiangChief Executive Officer & DirectorZhen Yu XiePresident, Director & Chief Technology OfficerMin HuChief Financial OfficerCheuk Tung YipChief Strategy Officer & Head-Ultimate MusicKey CompetitorsTrimbleNASDAQ:TRMBSS&C TechnologiesNASDAQ:SSNCNetAppNASDAQ:NTAPMongoDBNASDAQ:MDBCheck Point Software TechnologiesNASDAQ:CHKPView All CompetitorsInsiders & InstitutionsGAM Holding AGBought 1,130,000 shares on 2/2/2023Ownership: 0.067%Simplex Trading LLCBought 362,200 shares on 2/2/2023Ownership: 0.000%SG Americas Securities LLCBought 150,562 shares on 2/2/2023Ownership: 0.010%State of New Jersey Common Pension Fund DSold 47,570 shares on 2/1/2023Ownership: 0.010%Signaturefd LLCSold 35,443 shares on 1/30/2023Ownership: 0.002%View All Institutional Transactions TME Stock - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month target prices for Tencent Music Entertainment Group's shares. Their TME share price forecasts range from $3.90 to $8.50. On average, they expect the company's share price to reach $7.02 in the next year. This suggests that the stock has a possible downside of 16.6%. 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 stock has increased by 1.7% and is now trading at $8.42. View the best growth stocks for 2023 here. 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 quarterly earnings results on Tuesday, November, 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 6.74% and a net margin of 10.61%. 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 $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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (1.74%), Allspring Global Investments Holdings LLC (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.10%), GAM Holding AG (0.07%), Simplex Trading LLC (0.00%) and New York State Common Retirement Fund (0.02%). 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 $8.42. How much money does Tencent Music Entertainment Group make? Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $14.27 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 2/4/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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