Tencent Music Entertainment Group’s (TME) “Equal Weight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Tencent Music Entertainment Group (NYSE:TME) in a report issued on Thursday morning, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Mizuho reduced their target price on shares of Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $12.00 price target on shares of Tencent Music Entertainment Group in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $23.00 price objective on shares of Tencent Music Entertainment Group in a report on Tuesday. Finally, Barclays lowered their price objective on Tencent Music Entertainment Group from $28.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.03.

Tencent Music Entertainment Group Stock Down 0.0%

NYSE TME opened at $10.30 on Thursday. The company’s fifty day moving average is $15.37 and its two-hundred day moving average is $19.11. Tencent Music Entertainment Group has a 52-week low of $9.86 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.22.

Institutional Investors Weigh In On Tencent Music Entertainment Group

A number of hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new stake in shares of Tencent Music Entertainment Group during the third quarter worth approximately $31,000. Allworth Financial LP boosted its holdings in shares of Tencent Music Entertainment Group by 63.2% in the 3rd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after acquiring an additional 573 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Tencent Music Entertainment Group by 1,326.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,883 shares of the company’s stock worth $44,000 after acquiring an additional 1,751 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Tencent Music Entertainment Group by 5,777.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,057 shares of the company’s stock worth $36,000 after acquiring an additional 2,022 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Tencent Music Entertainment Group by 137.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,414 shares of the company’s stock worth $57,000 after acquiring an additional 1,397 shares during the last quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

Key Tencent Music Entertainment Group News

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

• Positive Sentiment: Content & product momentum: management highlighted a new Warner Music deal, an Ed Sheeran collaboration and 10M users of its AI production tools from the Q4 call — developments that support longer‑term revenue and engagement upside. Music Business Worldwide
• Positive Sentiment: High‑profile content release: pre‑orders launched for Jay Chou’s new album on TME platforms — a potentially material near‑term monetization event in Greater China. PR Newswire
• Positive Sentiment: Bullish options and select analyst support: elevated call activity and several firms (Barclays, Mizuho) still carry Overweight/Outperform stances despite lower targets, indicating pockets of bullish conviction in the market. Kalkine Media
• Neutral Sentiment: Mixed analyst positioning: Morgan Stanley and several firms reaffirmed neutral/hold ratings (JPMorgan, Daiwa, Benchmark), with price targets clustered in the low‑teens, reflecting cautious near‑term views. (Analyst notes reported publicly)
• Neutral Sentiment: New dividend discussion: coverage is interpreting the recently announced dividend as a sign of shifting capital priorities — could be read as shareholder‑friendly or conservative depending on outlook. Yahoo Finance
• Negative Sentiment: Earnings and guidance disappointment: shares plunged after Q4 results and guidance missed some investors’ expectations; commentary flagged reporting changes that obscured the beat and raised concerns about future cadence. Seeking Alpha
• Negative Sentiment: Analyst downgrades and lower targets: UBS cut to Neutral and slashed its target to $13 (from $26); several other houses trimmed targets — adding downward pressure on sentiment. MSN
• Negative Sentiment: Litigation risk: a law firm has announced an investigation into potential shareholder claims related to executive conduct — a legal overhang that can weigh on the stock until resolved. GlobeNewswire

About Tencent Music Entertainment Group

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.