Tencent Music Entertainment Group (NYSE:TME) Given New $23.00 Price Target at Mizuho

Tencent Music Entertainment Group (NYSE:TME) had its price target lowered by Mizuho from $28.00 to $23.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently commented on TME. Benchmark reaffirmed a “hold” rating on shares of Tencent Music Entertainment Group in a research report on Wednesday. Morgan Stanley decreased their price objective on Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating for the company in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research note on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $12.00 price target on shares of Tencent Music Entertainment Group in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $23.00 price objective on shares of Tencent Music Entertainment Group in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.69.

Tencent Music Entertainment Group Trading Down 9.5%

Shares of NYSE TME opened at $10.29 on Wednesday. The firm has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $19.17. Tencent Music Entertainment Group has a twelve month low of $10.14 and a twelve month high of $26.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.09 and a quick ratio of 2.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Green Court Capital Management Ltd increased its position in shares of Tencent Music Entertainment Group by 93.1% in the third quarter. Green Court Capital Management Ltd now owns 1,039,078 shares of the company’s stock worth $24,252,000 after purchasing an additional 501,078 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Tencent Music Entertainment Group in the 3rd quarter valued at $4,257,000. AGF Management Ltd. grew its stake in shares of Tencent Music Entertainment Group by 86.5% during the third quarter. AGF Management Ltd. now owns 878,591 shares of the company’s stock valued at $20,506,000 after buying an additional 407,400 shares during the last quarter. OPTIMAS CAPITAL Ltd bought a new position in Tencent Music Entertainment Group during the 3rd quarter worth approximately $9,150,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Tencent Music Entertainment Group in the third quarter worth approximately $2,904,000. Institutional investors own 24.32% of the company’s stock.

Tencent Music Entertainment Group News Roundup

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Revenue and subscriber growth beat expectations — Q4 revenue rose ~15.8% YoY driven by online music strength, and paid subscribers reached ~127.4m, showing continued top-line momentum. Tencent Music Stock Climbs After Strong Q4 Revenue
• Positive Sentiment: Some analysts remain constructive — Mizuho kept an outperform rating and raised a $23 price target, signaling a bullish view on longer-term recovery potential. Benzinga: Mizuho Outperform PT $23
• Neutral Sentiment: Unusual options activity: elevated call buying was reported, suggesting some traders are speculating on a rebound (short-term directional interest rather than consensus). (No article link)
• Neutral Sentiment: New dividend discussion — commentary about a dividend could signal evolving capital allocation priorities; investors will watch details for whether cash returns become a material buyback/dividend program. Does Tencent Musicʼs New Dividend Signal Evolving Capital Priorities?
• Negative Sentiment: Earnings per share missed estimates despite the revenue beat — EPS of $0.11 missed consensus; profitability metrics and the EPS miss undermined the headline beat. MarketBeat: Tencent Music Q4 Results
• Negative Sentiment: Change in reporting framework and weaker guidance spooked investors — management’s shift in how it discloses user metrics plus guidance misses raised transparency and AI-disruption concerns, triggering a sharp selloff. MSN: Shares Tumble After Q4 Results MarketWatch: Plunge on Guidance Miss, AI Fears
• Negative Sentiment: Analyst target cuts and mixed ratings — UBS slashed its price target from $26 to $13 (neutral), and several firms reaffirmed holds/neutral, increasing near-term downside pressure from cautious broker sentiment. StreetInsider: UBS Cuts PT
• Negative Sentiment: Investor litigation inquiry — Johnson Fistel is investigating potential claims on behalf of investors, adding regulatory/legal overhang risk. GlobeNewswire: Johnson Fistel Investigation

Tencent Music Entertainment Group Company Profile

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.