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NYSE:TMETencent Music Entertainment Group Stock Price, Forecast & News

$15.50
-0.19 (-1.21 %)
(As of 08/12/2020 04:00 PM ET)
Add
Compare
Today's Range
$15.06
Now: $15.50
$16.07
50-Day Range
$13.25
MA: $15.34
$17.50
52-Week Range
$9.22
Now: $15.50
$17.97
Volume10.04 million shs
Average Volume9.55 million shs
Market Capitalization$25.31 billion
P/E Ratio46.97
Dividend YieldN/A
Beta1.48
Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, Chiane. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.16 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
WebN/A
Phone86-755-8601-3388

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.65 billion
Cash Flow$0.42 per share
Book Value$3.87 per share

Profitability

Net Income$576.20 million

Miscellaneous

Employees3,610
Outstanding Shares1,632,993,000
Market Cap$25.31 billion
Next Earnings Date11/9/2020 (Estimated)
OptionableOptionable
$15.50
-0.19 (-1.21 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TME shares have increased by 31.8% and is now trading at $15.50.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Tencent Music Entertainment Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Tencent Music Entertainment Group
.

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, November 9th 2020.
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 data on Monday, May, 11th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.58. The company earned $6.31 billion during the quarter, compared to analysts' expectations of $6.30 billion. Tencent Music Entertainment Group had a net margin of 14.94% and a return on equity of 10.21%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS.
View Tencent Music Entertainment Group's earnings history
.

What price target have analysts set for TME?

11 analysts have issued 1 year price objectives for Tencent Music Entertainment Group's shares. Their forecasts range from $14.00 to $24.00. On average, they anticipate Tencent Music Entertainment Group's stock price to reach $17.54 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
View analysts' price targets for Tencent Music Entertainment Group
.

Has Tencent Music Entertainment Group been receiving favorable news coverage?

News coverage about TME stock has trended very negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tencent Music Entertainment Group earned a media sentiment score of -3.9 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about Tencent Music Entertainment Group
.

Are investors shorting Tencent Music Entertainment Group?

Tencent Music Entertainment Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 31,150,000 shares, an increase of 23.1% from the April 30th total of 25,310,000 shares. Based on an average daily volume of 8,340,000 shares, the short-interest ratio is currently 3.7 days.
View Tencent Music Entertainment Group's Short Interest
.

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), Square (SQ), Netflix (NFLX), TENCENT HOLDING/ADR (TCEHY), Walt Disney (DIS) and JD.Com (JD).

Who are Tencent Music Entertainment Group's key executives?

Tencent Music Entertainment Group's management team includes the following people:
  • Mr. Kar Shun Pang, CEO & Director (Age 44)
  • Mr. Zhenyu Xie, Co-Pres & Director (Age 43)
  • Mr. Guomin Xie, Co-Pres & Director (Age 44)
  • Ms. Min Hu, Chief Financial Officer (Age 46)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer (Age 37)

When did Tencent Music Entertainment Group IPO?

(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.

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 institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (0.60%), William Blair Investment Management LLC (0.52%), Tiger Pacific Capital LP (0.41%), Matthews International Capital Management LLC (0.40%), Bank of New York Mellon Corp (0.38%) and Coronation Fund Managers Ltd. (0.32%).

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 TB Alternative Assets Ltd., Tiger Pacific Capital LP, Krane Funds Advisors LLC, EPIQ Capital Group LLC, Andra AP fonden, DekaBank Deutsche Girozentrale, Principal Financial Group Inc., and Hosking Partners LLP.

Which major investors are buying Tencent Music Entertainment Group stock?

TME stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., UBS Group AG, Coronation Fund Managers Ltd., Bank of New York Mellon Corp, Matthews International Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., California Public Employees Retirement System, and William Blair Investment Management 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of TME stock can currently be purchased for approximately $15.50.

How big of a company is Tencent Music Entertainment Group?

Tencent Music Entertainment Group has a market capitalization of $25.31 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. Tencent Music Entertainment Group employs 3,610 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 company can be reached via phone at 86-755-8601-3388.

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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