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Tencent Music Entertainment Group Stock Forecast, Price & News

$7.20
+0.01 (+0.14%)
(As of 12/1/2021 10:03 AM ET)
Add
Compare
Today's Range
$7.08
$7.34
50-Day Range
$6.87
$8.85
52-Week Range
$6.82
$32.25
Volume
93,229 shs
Average Volume
20.98 million shs
Market Capitalization
$12.08 billion
P/E Ratio
21.18
Dividend Yield
N/A
Beta
1.11
30 days | 90 days | 365 days | Advanced Chart
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Tencent Music Entertainment Group logo

About Tencent Music Entertainment Group

Tencent Music Entertainment Group engages in the operation of an online music entertainment platform. Its platform comprises of online music, online karaoke, and music-centric live streaming products. The company was founded on June 6, 2012 and is headquartered in Beijing, China.

Headlines

Comparing Tencent Music Entertainment Group (TME) & The Competition
November 30, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
4,769
Year Founded
2016

Sales & Book Value

Annual Sales
$4.47 billion
Cash Flow
$0.33 per share
Book Value
$4.68 per share

Profitability

Net Income
$602.06 million
Pretax Margin
13.22%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,677,533,000
Free Float
N/A
Market Cap
$12.08 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/07/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/28/2022

Social Links


MarketRank

Overall MarketRank

1.79 out of 5 stars

Computer And Technology Sector

561st out of 888 stocks

Radio Broadcasting Stations Industry

6th out of 15 stocks

Analyst Opinion: 3.1Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












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

Is Tencent Music Entertainment Group a buy right now?

15 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, 9 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 price 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 decreased by 39.1% and is now trading at $7.16.
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 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.55. The company earned $7.81 billion during the quarter, compared to the consensus estimate 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%. Tencent Music Entertainment Group's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS.
View Tencent Music Entertainment Group's earnings history
.

What price target have analysts set for TME?

15 brokers have issued 12-month price objectives for Tencent Music Entertainment Group's shares. Their forecasts range from $5.10 to $28.00. On average, they anticipate Tencent Music Entertainment Group's share price to reach $14.43 in the next twelve months. This suggests a possible upside of 101.5% 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

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 (IPO) 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 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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (3.03%), BlackRock Inc. (1.68%), Bank of New York Mellon Corp (0.79%), Krane Funds Advisors LLC (0.77%), Wellington Management Group LLP (0.74%) and Sands Capital Management LLC (0.67%).

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 Invesco Ltd., Ninety One UK Ltd, Altshuler Shaham Ltd, Deutsche Bank AG, Schroder Investment Management Group, Marshall Wace LLP, Morgan Stanley, and Wellington Management Group LLP.

Which institutional investors are buying Tencent Music Entertainment Group stock?

TME stock was bought by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Krane Funds Advisors LLC, Baillie Gifford & Co., Franklin Resources Inc., Dimensional Fund Advisors LP, E Fund Management Co. Ltd., Pendal Group Ltd, and Bank of New York Mellon Corp.

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 $7.16.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $12.01 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?

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].


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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