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

Tencent Music Entertainment Group's stock was trading at $11.76 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TME shares have increased by 9.9% and is now trading at $12.92. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Tencent Music Entertainment Group.

Tencent Music Entertainment Group is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Tencent Music Entertainment Group.

Tencent Music Entertainment Group - (NYSE:TME) announced its quarterly earnings data on Monday, May, 11th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.58. The firm had revenue of $6.31 billion for 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 firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. View Tencent Music Entertainment Group's earnings history.

12 brokers have issued 1 year price objectives for Tencent Music Entertainment Group's shares. Their forecasts range from $12.00 to $18.00. On average, they anticipate Tencent Music Entertainment Group's stock price to reach $15.75 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View analysts' price targets for Tencent Music Entertainment Group.

Media headlines about TME stock have been trending very negative this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring 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 positive five, with scores nearest to five being the most favorable. Tencent Music Entertainment Group earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutTencent Music Entertainment Group.

Some companies that are related to Tencent Music Entertainment Group include Spotify (SPOT), Sirius XM (SIRI), Corus Entertainment (CJREF), Entercom Communications (ETM), Cumulus Media (CMLS), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Beasley Broadcast Group (BBGI), Urban One (UONE), Akazoo (SONG), MODERN MEDIA AC/SH SH (MMDM), Urban One (UONEK), Salem Media Group (SALM), Emmis Communications (EMMS) and Spanish Broadcasting System (SBSAA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tencent Music Entertainment Group investors own include Alibaba Group (BABA), IQIYI (IQ), TENCENT HOLDING/ADR (TCEHY), Roku (ROKU), NVIDIA (NVDA), Walt Disney (DIS), Canopy Growth (CGC), Netflix (NFLX), Advanced Micro Devices (AMD) and Square (SQ).

(TME) raised $1.1 billion in an initial public offering on Wednesday, December 12th 2018. The company issued 82,000,000 shares at $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.

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 number of institutional and retail investors. Top institutional shareholders include Canada Pension Plan Investment Board (1.65%), Baillie Gifford & Co. (1.24%), Wellington Management Group LLP (0.84%), Vontobel Asset Management Inc. (0.83%), Morgan Stanley (0.74%) and Morgan Stanley (0.74%).

TME stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, MERIAN GLOBAL INVESTORS UK Ltd, Coronation Fund Managers Ltd., Deutsche Bank AG, Wells Fargo & Company MN, Trexquant Investment LP, and Voloridge Investment Management LLC.

TME stock was acquired by a variety of institutional investors in the last quarter, including Vontobel Asset Management Inc., Wellington Management Group LLP, Schroder Investment Management Group, Tiger Pacific Capital LP, Invesco Ltd., Baillie Gifford & Co., Assenagon Asset Management S.A., and Bank of New York Mellon Corp.

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.

One share of TME stock can currently be purchased for approximately $12.92.

Tencent Music Entertainment Group has a market capitalization of $21.10 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.

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.