NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$18.61
+0.53 (+2.93 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$18.15
Now: $18.61
$19.05
50-Day Range
$16.99
MA: $22.87
$31.79
52-Week Range
$10.30
Now: $18.61
$32.25
Volume30.35 million shs
Average Volume31.18 million shs
Market Capitalization$31.22 billion
P/E Ratio54.74
Dividend YieldN/A
Beta1.34
Tencent Music Entertainment Group engages in the provision of online music entertainment platform. Its platform comprises of online music, online karaoke, and music-centric live streaming products. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China.
Tencent Music Entertainment Group logo

Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone8675586013388
Employees3,610
Year Founded2016

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.65 billion
Cash Flow$0.38 per share
Book Value$3.87 per share

Profitability

Net Income$576.20 million

Miscellaneous

Outstanding Shares1,677,533,000
Market Cap$31.22 billion
Next Earnings Date5/10/2021 (Estimated)
OptionableOptionable

Headlines

China’s Tencent Music announces new CEO and chairman
April 15, 2021 |  finance.yahoo.com
I'm Building a Position in Tencent Music Entertainment
April 6, 2021 |  finance.yahoo.com
Tencent Music Entertainment Group (NYSE:TME) Shares Up 6.4%
March 30, 2021 |  americanbankingnews.com
Company News for Mar 30, 2021
March 30, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.82 out of 5 stars

Computer And Technology Sector

147th out of 1,554 stocks

Radio Broadcasting Stations Industry

1st out of 20 stocks

Analyst Opinion: 4.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
$18.61
+0.53 (+2.93 %)
(As of 04/22/2021 12:00 AM ET)
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Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

Is Tencent Music Entertainment Group a buy right now?

12 Wall Street equities 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, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Tencent Music Entertainment Group stock.
View analyst ratings for Tencent Music Entertainment Group
or view top-rated stocks.

What stocks does MarketBeat like better than Tencent Music Entertainment Group?

Wall Street analysts have given Tencent Music Entertainment Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Tencent Music Entertainment Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 37,290,000 shares, a drop of 50.1% from the March 15th total of 74,770,000 shares. Based on an average daily volume of 33,000,000 shares, the short-interest ratio is presently 1.1 days.
View Tencent Music Entertainment Group's Short Interest
.

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, May 10th 2021.
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 Sunday, March, 21st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.69. The business earned $8.34 billion during the quarter, compared to the consensus estimate of $8.33 billion. Tencent Music Entertainment Group had a net margin of 14.25% and a trailing twelve-month return on equity of 9.51%. Tencent Music Entertainment Group's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS.
View Tencent Music Entertainment Group's earnings history
.

How has Tencent Music Entertainment Group's stock been impacted by COVID-19?

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 (WHO). Since then, TME stock has increased by 58.2% and is now trading at $18.61.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for TME?

12 Wall Street analysts have issued twelve-month price objectives for Tencent Music Entertainment Group's stock. Their forecasts range from $17.30 to $36.00. On average, they expect Tencent Music Entertainment Group's share price to reach $25.93 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
View analysts' price targets for Tencent Music Entertainment Group
or view top-rated stocks among Wall Street analysts.

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Kar Shun Pang, Chief Executive Officer & Director
  • Zhen Yu Xie, President, Director & Chief Technology Officer
  • Min Hu, Chief Financial Officer
  • Yip Cheuk Tung Tony, Chief Strategy Officer & Group VP-Ultimate Music

Who are some of Tencent Music Entertainment Group's key competitors?

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 The 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 number of institutional and retail investors. Top institutional investors include Bellecapital International Ltd. (0.02%), Exchange Traded Concepts LLC (0.01%), E Fund Management Hong Kong Co. Ltd. (0.01%), Syquant Capital Sas (0.00%), Deltec Asset Management LLC (0.00%) and Crossmark Global Holdings Inc. (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 Crossmark Global Holdings Inc., and NEXT Financial Group Inc.

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 Exchange Traded Concepts LLC, Syquant Capital Sas, Bellecapital International Ltd., Deltec Asset Management LLC, Carroll Financial Associates Inc., and E Fund Management Hong Kong Co. Ltd..

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 $18.61.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $31.22 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.

How many employees does Tencent Music Entertainment Group have?

Tencent Music Entertainment Group employs 3,610 workers across the globe.

When was Tencent Music Entertainment Group founded?

Tencent Music Entertainment Group was founded in 2016.

What is Tencent Music Entertainment Group's official website?

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

Where are Tencent Music Entertainment Group's headquarters?

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

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 company can be reached via phone at 8675586013388.


This page was last updated on 4/22/2021 by MarketBeat.com Staff
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