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NYSE:TME

Tencent Music Entertainment Group Stock Forecast, Price & News

$15.16
-0.05 (-0.33 %)
(As of 05/17/2021 11:57 AM ET)
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Today's Range
$15.14
$15.85
50-Day Range
$14.57
$21.34
52-Week Range
$11.68
$32.25
Volume545,673 shs
Average Volume28.57 million shs
Market Capitalization$25.43 billion
P/E Ratio44.59
Dividend YieldN/A
Beta1.34
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 operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of 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 Music, Kuwo Music, WeSing, QQ Music, 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; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou 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. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Headlines

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Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone8675586013388
Employees4,769
Year Founded2016

Sales & Book Value

Annual Sales$3.65 billion
Cash Flow$0.31 per share
Book Value$3.87 per share

Profitability

Net Income$576.20 million

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,677,533,000
Market Cap$25.43 billion
Next Earnings Date5/17/2021 (Confirmed)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.79 out of 5 stars

Computer And Technology Sector

194th out of 1,551 stocks

Radio Broadcasting Stations Industry

2nd out of 20 stocks

Analyst Opinion: 4.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
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Tencent Music Entertainment Group (NYSE:TME) Frequently Asked Questions

Is Tencent Music Entertainment Group a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Tencent Music Entertainment Group stock.
View analyst ratings for Tencent Music Entertainment Group
or view top-rated stocks.

What stocks does MarketBeat like better than Tencent Music Entertainment Group?

Wall Street analysts have given Tencent Music Entertainment Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Tencent Music Entertainment Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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, May 17th 2021.
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, March, 21st. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.69. The firm had revenue of $8.34 billion for the quarter, compared to analysts' expectations of $8.33 billion. Tencent Music Entertainment Group had a trailing twelve-month return on equity of 9.51% and a net margin of 14.25%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS.
View Tencent Music Entertainment Group's earnings history
.

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 shares have increased by 29.5% and is now trading at $15.23.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for TME?

13 brokerages have issued 12-month price targets for Tencent Music Entertainment Group's shares. Their forecasts range from $17.30 to $36.00. On average, they expect Tencent Music Entertainment Group's share price to reach $25.39 in the next twelve months. This suggests a possible upside of 66.7% 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:
  • Mr. Kar Shun Pang, Exec. Chairman (Age 47)
  • Mr. Liang Zhu, CEO & Director
  • Mr. Zhenyu Xie, Pres, CTO & Director (Age 46)
  • Ms. Min Hu, Chief Financial Officer (Age 49)
  • Mr. Cheuk Tung Yip, Chief Strategy Officer & Head of Ultimate Music (Age 40)
  • Millicent T., Vice Gen. Mang.
  • Ms. Heather Diwu, Investor Relations Officer

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), Netflix (NFLX), JD.com (JD), Johnson & Johnson (JNJ), Square (SQ) and The Walt Disney (DIS).

When did Tencent Music Entertainment Group IPO?

(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.

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 number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.74%), BlackRock Inc. (1.42%), Ninety One UK Ltd (1.34%), Credit Suisse AG (0.93%), Soma Equity Partners LP (0.72%) and Renaissance Technologies LLC (0.67%).

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 Credit Suisse AG, Assenagon Asset Management S.A., Renaissance Technologies LLC, Teacher Retirement System of Texas, Franklin Resources Inc., Coronation Fund Managers Ltd., New Silk Road Investment PTE Ltd., and Krane Funds Advisors LLC.

Which major investors are buying Tencent Music Entertainment Group stock?

TME stock was acquired by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Altshuler Shaham Ltd, FIL Ltd, Healthcare of Ontario Pension Plan Trust Fund, Bank of New York Mellon Corp, Ninety One UK Ltd, Baillie Gifford & Co., and Element Capital 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 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 $15.23.

How much money does Tencent Music Entertainment Group make?

Tencent Music Entertainment Group has a market capitalization of $25.55 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.

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?

Tencent Music Entertainment Group is headquartered at 17/F MALATA BUILDING KEJIZHONGYI ROAD MIDWEST DISTRICT OF HI-TECH PARK, SHENZHEN F4, 518057.

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.


This page was last updated on 5/17/2021 by MarketBeat.com Staff
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