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

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

Tencent Music Entertainment Group - (NYSE:TME) announced its quarterly earnings results on Monday, November, 11th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.66. The company earned $6.51 billion during the quarter, compared to analysts' expectations of $6.43 billion. Tencent Music Entertainment Group had a return on equity of 6.11% and a net margin of 8.77%. Tencent Music Entertainment Group's revenue for the quarter was up 31.0% on a year-over-year basis. View Tencent Music Entertainment Group's Earnings History.

Tencent Music Entertainment Group is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Tencent Music Entertainment Group.

13 analysts have issued 12 month target prices for Tencent Music Entertainment Group's shares. Their forecasts range from $12.89 to $18.00. On average, they expect Tencent Music Entertainment Group's stock price to reach $16.48 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for Tencent Music Entertainment Group.

13 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tencent Music Entertainment Group.

News coverage about TME stock has trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of 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 news impact score of 1.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Tencent Music Entertainment Group.

Tencent Music Entertainment Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 39,020,000 shares, an increase of 22.8% from the December 15th total of 31,780,000 shares. Based on an average daily volume of 6,520,000 shares, the short-interest ratio is presently 6.0 days. Currently, 12.8% of the shares of the company are sold short. View Tencent Music Entertainment Group's Current Options Chain.

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

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

(TME) raised $1.1 billion in an 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 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's stock is owned by a number of of retail and institutional investors. Top institutional investors include Price Wealth LLC (0.00%).

TME stock was bought by a variety of institutional investors in the last quarter, including Price Wealth LLC.

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 $14.08.

Tencent Music Entertainment Group has a market capitalization of $22.99 billion and generates $2.76 billion in revenue each year. The company earns $276.97 million in net income (profit) each year or $0.20 on an earnings per share basis. Tencent Music Entertainment Group employs 3,041 workers across the globe.View Additional Information About 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.