Top-Rated StocksTop-RatedIdea EngineIdea EngineNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free TME Stock Alerts $11.28 +0.22 (+1.99%) (As of 12:04 PM ET) Add Compare Share Share Today's Range$11.06▼$11.3550-Day Range$8.42▼$11.6752-Week Range$5.70▼$11.80Volume2.93 million shsAverage Volume9.25 million shsMarket Capitalization$19.36 billionP/E Ratio25.64Dividend 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/Downside2.9% Upside$11.63 Price TargetShort InterestHealthy4.44% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.13Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth19.61%From $0.51 to $0.61 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.3.68 out of 5 starsComputer And Technology Sector196th out of 587 stocksRadio Broadcasting Stations Industry5th out of 9 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.63, Tencent Music Entertainment Group has a forecasted upside of 2.9% from its current price of $11.30.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 3.0 Short Interest Percentage of Shares Shorted4.44% 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 3.4, 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 increased by 16.80%, indicating that investor sentiment is decreasing 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 4.0 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.13. 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 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Tencent Music Entertainment Group this week, compared to 4 articles on an average week.Search Interest15 people have searched for TME on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows7 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 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 19.61% in the coming year, from $0.51 to $0.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 25.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 25.68, 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 244.34.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 0.78. 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 2.40. 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 Behind the MarketsUrgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.Click here to get my exclusive report NOW >>> 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 HeadlinesMarch 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 28, 2024 | Behind the Markets (Ad)Urgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.March 21, 2024 | seekingalpha.comTencent Music Entertainment (TME) Q4 2023 Earnings Call TranscriptMarch 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Price Target Raised to $14.00 at BenchmarkMarch 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Price Target Raised to $12.30 at Bank of AmericaMarch 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) PT Raised to $13.50March 21, 2024 | americanbankingnews.comMizuho Raises Tencent Music Entertainment Group (NYSE:TME) Price Target to $13.00March 28, 2024 | Behind the Markets (Ad)Urgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.March 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) PT Raised to $10.40March 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Upgraded by Citigroup to BuyMarch 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 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Reaches New 12-Month High at $10.89March 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Upgraded to Buy by The Goldman Sachs GroupMarch 21, 2024 | americanbankingnews.comTencent Music Entertainment Group (NYSE:TME) Shares Gap Up on Analyst UpgradeMarch 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 Earnings11/14/2023Today3/28/2024Next Earnings (Estimated)5/21/2024Fiscal 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+5.2%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.44 Trailing P/E Ratio25.14 Forward P/E Ratio21.69 P/E Growth0.79Net Income$693 million Net Margins17.71% Pretax Margin21.77% Return on Equity9.68% Return on Assets7.31% Debt Debt-to-Equity Ratio0.10 Current Ratio2.49 Quick Ratio2.49 Sales & Book Value Annual Sales$3.91 billion Price / Sales4.86 Cash Flow$0.60 per share Price / Cash Flow18.52 Book Value$4.70 per share Price / Book2.35Miscellaneous Outstanding Shares1,716,080,000Free FloatN/AMarket Cap$18.98 billion OptionableOptionable Beta0.80 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 47)CEO & Director Mr. Zhenyu Xie (Age 49)President, CTO & Director Ms. Min Hu (Age 51)Chief Financial Officer Mr. 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 CompetitorsVeriSignNASDAQ:VRSNSnapNYSE:SNAPCheck Point Software TechnologiesNASDAQ:CHKPNokia OyjNYSE:NOKUnited MicroelectronicsNYSE:UMCView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 188,937 shares on 3/27/2024Ownership: 0.013%Healthcare of Ontario Pension Plan Trust FundBought 514,200 shares on 3/21/2024Ownership: 0.030%Vanguard Group Inc.Bought 29,149 shares on 3/11/2024Ownership: 1.455%SageView Advisory Group LLCBought 10,000 shares on 3/6/2024Ownership: 0.001%Wellington Management Group LLPSold 2,558,439 shares on 3/5/2024Ownership: 0.488%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 targets for Tencent Music Entertainment Group's stock. Their TME share price targets range from $7.40 to $14.00. On average, they anticipate the company's share price to reach $11.63 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price. 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 at the beginning of 2024. Since then, TME shares have increased by 25.4% and is now trading at $11.30. View the best growth stocks for 2024 here. Are investors shorting Tencent Music Entertainment Group? Tencent Music Entertainment Group saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 24,460,000 shares, an increase of 25.0% from the January 31st total of 19,570,000 shares. Based on an average daily volume of 8,370,000 shares, the short-interest ratio is presently 2.9 days. Currently, 3.6% of the company's shares are sold short. 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 Tuesday, May 21st 2024. View our TME earnings forecast. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) posted its quarterly earnings results on Tuesday, November, 14th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.11 by $0.63. The firm had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.28 billion. Tencent Music Entertainment Group had a net margin of 17.71% and a trailing twelve-month return on equity of 9.68%. The firm's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. 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 Principal Millennial Global Growth ETF (GENY), Global X Emerging Markets Internet & E-commerce ETF (EWEB), Global X Social Media Index ETF (SOCL), KraneShares CSI China Internet ETF (KWEB), Invesco Golden Dragon China ETF (PGJ), MUSQ Global Music Industry ETF (MUSQ), First Trust S-Network Streaming and Gaming ETF (BNGE) and AdvisorShares Dorsey Wright ADR ETF (AADR). 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 (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 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 variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (1.56%), Vanguard Group Inc. (1.46%), Vanguard Group Inc. (1.46%), Goldman Sachs Group Inc. (0.81%), Goldman Sachs Group Inc. (0.81%) and Norges Bank (0.68%). 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. This page (NYSE:TME) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tencent Music Entertainment Group Please log in to your account or sign up in order to add this asset to your watchlist. 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