Top-Rated StocksTop-RatedNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis → Incredible Opportunity to Retire FAST! (From Crypto 101 Media) (Ad) Free TME Stock Alerts $11.78 +0.42 (+3.70%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$11.38▼$11.8150-Day Range$9.47▼$11.9152-Week Range$5.70▼$12.00Volume7.61 million shsAverage Volume8.61 million shsMarket Capitalization$20.22 billionP/E Ratio26.77Dividend YieldN/APrice Target$11.63 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Tencent Music Entertainment Group alerts: Email Address Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.85 Rating ScoreUpside/Downside1.3% Downside$11.63 Price TargetShort InterestHealthy2.94% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.50Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth25.86%From $0.58 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.88 out of 5 starsComputer And Technology Sector183rd out of 592 stocksRadio Broadcasting Stations Industry4th out of 8 stocks 2.4 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.94% of the float of Tencent Music Entertainment Group has been sold short.Short Interest Ratio / Days to CoverTencent Music Entertainment Group has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tencent Music Entertainment Group has recently decreased by 31.35%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldTencent Music Entertainment Group does not currently pay a dividend.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 3.6 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Tencent Music Entertainment Group this week, compared to 4 articles on an average week.Search InterestOnly 10 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows10 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tencent Music Entertainment Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 24.32% of the stock of Tencent Music Entertainment Group is held by institutions. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 25.86% in the coming year, from $0.58 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 26.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 26.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 244.82.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.70. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 2.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaIncredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.Click here to get instant access to the guide About Tencent Music Entertainment Group Stock (NYSE:TME)Tencent Music Entertainment Group operates online music entertainment platforms to provide 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 music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. 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. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.Read More TME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TME Stock News HeadlinesApril 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Trading Down 1.8%April 20, 2024 | finance.yahoo.comAnalysts Are Updating Their Tencent Music Entertainment Group (NYSE:TME) Estimates After Its Full-Year ResultsApril 23, 2024 | Banyan Hill Publishing (Ad)Don’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 18, 2024 | finance.yahoo.comTencent Music Entertainment Group Filed 2023 Annual Report on Form 20-FApril 18, 2024 | markets.businessinsider.comTencent Music: A Harmonious Future with Robust Subscriber and Ad Revenue GrowthApril 16, 2024 | markets.businessinsider.comBuy Rating for Tencent Music: Forecasting Substantial Subscriber Growth and Robust ProfitabilityApril 15, 2024 | finance.yahoo.comTencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024April 9, 2024 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME)April 23, 2024 | Banyan Hill Publishing (Ad)Don’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 3, 2024 | finance.yahoo.comTencent Music Entertainment Group (NYSE:TME) Q4 2023 Earnings Call TranscriptApril 3, 2024 | finance.yahoo.comZacks.com featured highlights American Eagle Outfitters, JD.com, PDD Holdings, Air Lease and Tencent Music EntertainmentMarch 24, 2024 | finance.yahoo.comTencent Music Entertainment Group Full Year 2023 Earnings: EPS Beats ExpectationsMarch 22, 2024 | finance.yahoo.comTencent Music Entertainment Group Announces Senior Management ChangesMarch 21, 2024 | seekingalpha.comTencent Music Entertainment (TME) Q4 2023 Earnings Call TranscriptMarch 21, 2024 | finance.yahoo.comUS$11.37 - That's What Analysts Think Tencent Music Entertainment Group (NYSE:TME) Is Worth After These ResultsMarch 21, 2024 | markets.businessinsider.comUpbeat Outlook for Tencent Music: Analyst Upholds Buy Rating Amid ARPPU Growth and Margin ExpansionMarch 20, 2024 | msn.comTencent Music beats quarterly revenue estimates (March 19)March 20, 2024 | markets.businessinsider.comBuy Rating Reaffirmed for Tencent Music Entertainment Group Amidst Strong Financial Performance and Positive Business OutlookMarch 20, 2024 | msn.comTencent Music sees rating upgrade at Goldman on sustained subscription momentumMarch 20, 2024 | msn.comThese Analysts Raise Their Forecasts On Tencent Music Entertainment After Q4 ResultsMarch 20, 2024 | markets.businessinsider.comTencent Music Entertainment Ready To Benefit From 'Secular Tailwind Of Music Streaming Adoption': Analysts On Q4 Results, OutlookMarch 20, 2024 | finance.yahoo.comTencent Music Entertainment Group: Tencent Music Earnings: Tuning Into Growth and Shareholder Returns; Shares UndervaluedMarch 19, 2024 | msn.comTencent Music Profits Surged in 2023 on Paid Subscription Growth Despite Hit to Social BusinessMarch 19, 2024 | msn.comChina's Leading Audio Entertainment App Tencent Music's Users Decline In Q4, But Paying Subscribers SurgeMarch 19, 2024 | nasdaq.comTencent Music Entertainment Group Earnings Hitting the High NotesMarch 19, 2024 | msn.comTencent Music Entertainment Non-GAAP EPADS of $0.14 beats by $0.01, revenue of $971M beats by $41.29MMarch 19, 2024 | msn.comTencent Music Profits Reach $735 Million, Despite Revenue DeclineSee More Headlines Receive TME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tencent Music Entertainment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/19/2024Today4/23/2024Next Earnings (Confirmed)5/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Radio broadcasting stations Sub-IndustryN/A Current SymbolNYSE:TME CUSIPN/A CIK1744676 Webwww.tencentmusic.com Phone8675586013388FaxN/AEmployees5,805Year Founded2016Price Target and Rating Average Stock Price Target$11.63 High Stock Price Target$14.00 Low Stock Price Target$7.40 Potential Upside/Downside-1.3%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.44 Trailing P/E Ratio26.77 Forward P/E Ratio20.31 P/E Growth0.7Net Income$695.20 million Net Margins17.71% Pretax Margin21.78% Return on Equity9.67% Return on Assets7.30% Debt Debt-to-Equity Ratio0.10 Current Ratio2.49 Quick Ratio2.49 Sales & Book Value Annual Sales$3.91 billion Price / Sales5.17 Cash Flow$0.54 per share Price / Cash Flow21.96 Book Value$4.71 per share Price / Book2.50Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$20.22 billion OptionableOptionable Beta0.81 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 47)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. Tsai Chun Pan (Age 50)Group VP & Head of Content Cooperation Business Ms. Linlin Chen (Age 43)Group Vice President & Head of Kugou Business Unit More ExecutivesKey CompetitorsUnited MicroelectronicsNYSE:UMCCheck Point Software TechnologiesNASDAQ:CHKPEntegrisNASDAQ:ENTGNokia OyjNYSE:NOKVeriSignNASDAQ:VRSNView All CompetitorsInstitutional OwnershipSumitomo Mitsui Trust Holdings Inc.Bought 203,224 shares on 4/19/2024Ownership: 0.111%First Trust Direct Indexing L.P.Sold 1,311 shares on 4/19/2024Ownership: 0.002%Allspring Global Investments Holdings LLCSold 1,340,385 shares on 4/18/2024Ownership: 0.453%MEAG MUNICH ERGO Kapitalanlagegesellschaft mbHBought 43,000 shares on 4/18/2024Ownership: 0.003%TB Alternative Assets Ltd.Bought 107,500 shares on 4/15/2024Ownership: 0.006%View All Institutional Transactions TME Stock Analysis - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock 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 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TME shares. View TME analyst ratings or view top-rated stocks. What is Tencent Music Entertainment Group's stock price target for 2024? 13 Wall Street analysts have issued 12 month price objectives for Tencent Music Entertainment Group's stock. Their TME share price targets range from $7.40 to $14.00. On average, they expect the company's share price to reach $11.63 in the next year. This suggests that the stock has a possible downside of 1.3%. View analysts price targets for TME or view top-rated stocks among Wall Street analysts. How have TME shares performed in 2024? Tencent Music Entertainment Group's stock was trading at $9.01 on January 1st, 2024. Since then, TME shares have increased by 30.7% and is now trading at $11.78. View the best growth stocks for 2024 here. Are investors shorting Tencent Music Entertainment Group? Tencent Music Entertainment Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 21,000,000 shares, a decline of 31.4% from the March 15th total of 30,590,000 shares. Based on an average daily trading volume, of 8,980,000 shares, the short-interest ratio is presently 2.3 days. Currently, 2.9% of the company's shares are short sold. View Tencent Music Entertainment Group's Short Interest. When is Tencent Music Entertainment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our TME earnings forecast. How can I listen to Tencent Music Entertainment Group's earnings call? Tencent Music Entertainment Group will be holding an earnings conference call on Monday, May 13th at 7:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) released its quarterly earnings results on Tuesday, March, 19th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm earned $971 million during the quarter, compared to the consensus estimate of $925.06 million. Tencent Music Entertainment Group had a net margin of 17.71% and a trailing twelve-month return on equity of 9.67%. What ETFs hold Tencent Music Entertainment Group's stock? ETFs with the largest weight of Tencent Music Entertainment Group (NYSE:TME) stock in their portfolio include KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), Global X Social Media Index ETF (SOCL), MUSQ Global Music Industry ETF (MUSQ), Principal Millennial Global Growth ETF (GENY), Amplify International Enhanced Dividend Income ETF (IDVO), Global X Emerging Markets Internet & E-commerce ETF (EWEB) and Global X Emerging Markets Great Consumer ETF (EMC). 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), Block (SQ) and Walt Disney (DIS). When did Tencent Music Entertainment Group IPO? Tencent Music Entertainment Group (TME) raised $1.1 billion in an initial public offering 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. Who are Tencent Music Entertainment Group's major shareholders? Tencent Music Entertainment Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Matthews International Capital Management LLC (0.11%), Perpetual Ltd (0.09%), Los Angeles Capital Management LLC (0.02%) and IMC Chicago LLC (0.00%). How do I buy shares of Tencent Music Entertainment Group? Shares of TME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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