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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TME shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TME, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 1-year target prices for Tencent Music Entertainment Group's shares. Their TME share price forecasts range from $3.50 to $9.00. On average, they expect the company's share price to reach $5.82 in the next twelve months. This suggests a possible upside of 43.3% from the stock's current price.
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Tencent Music Entertainment Group's stock was trading at $6.85 on January 1st, 2022. Since then, TME stock has decreased by 40.7% and is now trading at $4.06.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our TME earnings forecast.

Tencent Music Entertainment Group (NYSE:TME) issued its earnings results on Monday, August, 15th. The company reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 6.10% and a net margin of 9.43%.

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).

(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.

Tencent Music Entertainment Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TME."

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.
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One share of TME stock can currently be purchased for approximately $4.06.

Tencent Music Entertainment Group (NYSE:TME) has a market capitalization of $6.88 billion and generates $4.90 billion in revenue each year. The company earns $469.49 million in net income (profit) each year or $0.26 on an earnings per share basis.

The company employs 5,966 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 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.