Tencent Music Entertainment Group Stock Forecast, Price & News

Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

Is Tencent Music Entertainment Group a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 2 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Tencent Music Entertainment Group stock. 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.
View analyst ratings for Tencent Music Entertainment Group or view top-rated stocks.

How has Tencent Music Entertainment Group's stock been impacted by Coronavirus?

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TME stock has decreased by 39.6% and is now trading at $7.10.
View which stocks have been most impacted by COVID-19.

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, March 28th 2022.
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 quarterly earnings results on Sunday, November, 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.06 by $0.55. The firm earned $7.81 billion during the quarter, compared to analyst estimates of $7.80 billion. Tencent Music Entertainment Group had a net margin of 11.53% and a trailing twelve-month return on equity of 7.98%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share.
View Tencent Music Entertainment Group's earnings history.

What price target have analysts set for TME?

16 Wall Street analysts have issued 12-month price objectives for Tencent Music Entertainment Group's stock. Their forecasts range from $5.10 to $28.00. On average, they expect Tencent Music Entertainment Group's share price to reach $14.43 in the next twelve months. This suggests a possible upside of 103.3% 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:

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

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

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), Cumulus Media (CMLS), Townsquare Media (TSQ), Urban One (UONEK), Saga Communications (SGA), Vistas Media Acquisition (VMAC), iHeartMedia (IHRTQ), Salem Media Group (SALM), Beasley Broadcast Group (BBGI), Spanish Broadcasting System (SBSAA) and CÜR Media (CURM).
View all of TME's 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 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 served 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 variety of retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.01%) and XR Securities LLC (0.00%).

Which institutional investors are selling Tencent Music Entertainment Group stock?

TME stock was sold by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, and XR Securities LLC.

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.
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What is Tencent Music Entertainment Group's stock price today?

One share of TME stock can currently be purchased for approximately $7.10.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $11.91 billion and generates $4.47 billion in revenue each year. The company earns $602.06 million in net income (profit) each year or $0.34 on an earnings per share basis.

How many employees does Tencent Music Entertainment Group have?

Tencent Music Entertainment Group employs 4,769 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 or via email at [email protected].