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 39.6% and is now trading at $16.42. 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 3 hold ratings and 9 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 earnings results on Monday, May, 11th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.08 by $0.58. The business earned $6.31 billion during the quarter, compared to analyst estimates of $6.30 billion. Tencent Music Entertainment Group had a return on equity of 10.21% and a net margin of 14.94%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. View Tencent Music Entertainment Group's earnings history.

12 analysts have issued 12 month price targets for Tencent Music Entertainment Group's stock. Their forecasts range from $14.00 to $24.00. On average, they expect Tencent Music Entertainment Group's stock price to reach $17.59 in the next year. This suggests a possible upside of 7.1% from the stock's current price. View analysts' price targets for Tencent Music Entertainment Group.

News stories about TME stock have been trending negative recently, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 coverage optimism score of -2.1 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Tencent Music Entertainment Group.

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

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 variety of retail and institutional investors. Top institutional investors include Diversified Trust Co (0.01%), E Fund Management Hong Kong Co. Ltd. (0.00%) and Confluence Investment Management LLC (0.00%).

TME stock was acquired by a variety of institutional investors in the last quarter, including E Fund Management Hong Kong Co. Ltd., Diversified Trust Co, and Confluence Investment Management 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 $16.42.

Tencent Music Entertainment Group has a market capitalization of $26.81 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.