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Tencent Music Entertainment Group Price Target & Analyst Ratings (NYSE:TME)

-0.39 (-2.95 %)
(As of 01/24/2020 04:00 PM ET)
Today's Range
Now: $12.82
50-Day Range
MA: $12.53
52-Week Range
Now: $12.82
Volume6.31 million shs
Average Volume8.35 million shs
Market Capitalization$20.93 billion
P/E Ratio71.23
Dividend YieldN/A

Analyst Ratings

Tencent Music Entertainment Group (NYSE:TME) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for Tencent Music Entertainment Group in the last 12 months. Their average twelve-month price target is $16.48, suggesting that the stock has a possible upside of 28.56%. The high price target for TME is $18.00 and the low price target for TME is $12.89. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.772.722.722.60
Ratings Breakdown: 0 Sell Rating(s)
3 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $16.48$16.00$16.00$16.20
Price Target Upside: 28.56% upside17.74% upside17.74% upside11.97% upside

Tencent Music Entertainment Group (NYSE:TME) Consensus Price Target History

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tencent Music Entertainment Group (NYSE:TME) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/18/2019New Street ResearchInitiated CoverageBuy$16.00Low
10/8/2019China Renaissance SecuritiesUpgradeHold ➝ BuyLow
10/8/2019UBS GroupUpgradeHold ➝ Buy$16.00Medium
10/2/2019KeyCorpLower Price TargetOverweight$19.00 ➝ $18.00Low
8/13/2019Bank of AmericaLower Price TargetBuy$19.20 ➝ $18.00High
8/5/2019Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$16.90Low
7/29/2019OppenheimerInitiated CoverageOutperform$18.00Low
6/13/2019CICC ResearchInitiated CoverageBuyLow
6/4/2019Loop CapitalInitiated CoverageBuy ➝ Buy$12.89Medium
5/13/2019China International CapitalInitiated CoverageHoldMedium
3/20/2019Credit Suisse GroupDowngradeOutperform ➝ Neutral$18.00High
3/12/2019Stifel NicolausReiterated RatingHold$16.00Low
2/12/2019MacquarieInitiated CoverageOutperform ➝ Outperform$15.03High
1/17/2019HSBCInitiated CoverageBuy ➝ Buy$16.00N/A
1/16/2019JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Overweight$16.00N/A
1/15/2019Morgan StanleyInitiated CoverageEqual ➝ Equal Weight$15.00 ➝ $12.20N/A
1/6/2019Deutsche BankInitiated CoverageHold$15.00N/A
1/6/2019Goldman Sachs GroupInitiated CoverageBuy ➝ BuyN/A
(Data available from 1/25/2018 forward)
This page was last updated on 1/25/2020 by MarketBeat.com Staff

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