Tencent Music Entertainment Group Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Tencent Music Entertainment Group stock.
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Wall Street analysts have given Tencent Music Entertainment Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tencent Music Entertainment Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Tencent Music Entertainment Group is scheduled to release its next quarterly earnings announcement on Monday, August 16th 2021.
View our earnings forecast for Tencent Music Entertainment Group.

Tencent Music Entertainment Group will be holding an earnings conference call on Monday, August 16th at 8:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10157998".

Tencent Music Entertainment Group (NYSE:TME) released its earnings results on Sunday, May, 16th. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.59. The business had revenue of $7.82 billion for the quarter, compared to the consensus estimate of $7.77 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 8.96% and a net margin of 13.67%. The business's revenue was up 23.9% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS.
View Tencent Music Entertainment Group's earnings history.

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TME shares have decreased by 9.5% and is now trading at $10.64.
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12 equities research analysts have issued 12 month target prices for Tencent Music Entertainment Group's stock. Their forecasts range from $14.00 to $36.00. On average, they expect Tencent Music Entertainment Group's share price to reach $24.00 in the next year. This suggests a possible upside of 125.6% from the stock's current price.
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Some companies that are related to Tencent Music Entertainment Group include Spotify Technology (SPOT), Sirius XM (SIRI), Corus Entertainment (CJREF), Audacy (AUD), Urban One (UONE), Urban One (UONEK), Cumulus Media (CMLS), Townsquare Media (TSQ), Saga Communications (SGA), iHeartMedia (IHRTQ), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), Spanish Broadcasting System (SBSAA), CÜR Media (CURM) and Interep National Radio Sales (IREP).
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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), NVIDIA (NVDA), Advanced Micro Devices (AMD), iQIYI (IQ), Roku (ROKU), Netflix (NFLX), JD.com (JD), Johnson & Johnson (JNJ), Square (SQ) and The Walt Disney (DIS).

(TME) raised $1.1 billion in an initial public offering (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.

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 a variety of institutional and retail investors. Top institutional investors include Bellecapital International Ltd. (0.03%), Harel Insurance Investments & Financial Services Ltd. (0.00%), Compagnie Lombard Odier SCmA (0.00%) and Lindbrook Capital LLC (0.00%).

TME stock was bought by a variety of institutional investors in the last quarter, including Bellecapital International Ltd., Harel Insurance Investments & Financial Services Ltd., Compagnie Lombard Odier SCmA, and Lindbrook Capital LLC.

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.
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One share of TME stock can currently be purchased for approximately $10.64.

Tencent Music Entertainment Group has a market capitalization of $17.85 billion and generates $4.47 billion in revenue each year. The company earns $602.06 million in net income (profit) each year or $0.40 on an earnings per share basis.

Tencent Music Entertainment Group employs 4,769 workers across the globe.

Tencent Music Entertainment Group was founded in 2016.

The official website for Tencent Music Entertainment Group is www.tencentmusic.com.

Tencent Music Entertainment Group is headquartered at 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057.

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 8675586013388 or via email at [email protected]