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Tencent Music Entertainment Group (TME)
NYSE:TME
RESEARCH TOOLSreports
Tencent Music Entertainment Group (TME) Stock Price & Analysis
1,233 Followers
TME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.70 - $9.29
Previous Close$8.43
Volume6.20M
Average Volume (3M)7.52M
Market Cap
$13.73B
Enterprise Value$5.10B
Total Cash (Recent Filing)¥15.62B
Total Debt (Recent Filing)¥5.96B
Price to Earnings (P/E)19.5
Beta1.09
Next Earnings
Mar 18, 2024EPS Estimate
$0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.43
Shares Outstanding1,716,077,131
10 Day Avg. Volume7,839,047
30 Day Avg. Volume7,521,070
Standard Deviation0.18
R-Squared0.06
Alpha-0.00327
Financial Highlights & Ratios
Price to Book (P/B)0.61
Price to Sales (P/S)0.51
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$8.91Price Target Upside5.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Tencent Music Entertainment Group News
Pre-EarningsIs TME a Buy, Before Earnings?
The FlyTencent Music rises 7.2%
Ownership Overview
0.00%
Insiders
6.32% Mutual Funds
24.61% Other Institutional Investors
69.06% Public Companies and Individual Investors
TME FAQ
What was Tencent Music Entertainment Group’s price range in the past 12 months?
Tencent Music Entertainment Group lowest stock price was $5.70 and its highest was $9.29 in the past 12 months.
What is Tencent Music Entertainment Group’s market cap?
Currently, no data Available
When is Tencent Music Entertainment Group’s upcoming earnings report date?
Tencent Music Entertainment Group’s upcoming earnings report date is Mar 18, 2024 which is in 105 days.
How were Tencent Music Entertainment Group’s earnings last quarter?
Tencent Music Entertainment Group released its earnings results on Nov 14, 2023. The company reported $0.105 earnings per share for the quarter, missing the consensus estimate of $0.112 by -$0.007.
Is Tencent Music Entertainment Group overvalued?
According to Wall Street analysts Tencent Music Entertainment Group’s price is currently Undervalued.
Does Tencent Music Entertainment Group pay dividends?
Tencent Music Entertainment Group does not currently pay dividends.
What is Tencent Music Entertainment Group’s EPS estimate?
Tencent Music Entertainment Group’s EPS estimate is $0.13.
How many shares outstanding does Tencent Music Entertainment Group have?
Tencent Music Entertainment Group has 858,507,570 shares outstanding.
What happened to Tencent Music Entertainment Group’s price movement after its last earnings report?
Tencent Music Entertainment Group reported an EPS of $0.105 in its last earnings report, missing expectations of $0.112. Following the earnings report the stock price went up 3.096%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group?
Among the largest hedge funds holding Tencent Music Entertainment Group’s share is Bridgewater Associates, LP. It holds Tencent Music Entertainment Group’s shares valued at 12M.
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Tencent Music Entertainment Group Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$8.91 (5.69% Upside)
$8.91 (5.69% Upside)
Blogger Sentiment
Bullish
TME Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 8.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.6%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.46%
12-Months-Change
Fundamentals
Return on Equity
9.62%
Trailing 12-Months
Asset Growth
6.10%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Tencent Music Entertainment Group
Incorporated in 2012, China-based Tencent Music Entertainment Group is an online music entertainment platform that provides music streaming, online karaoke, and live streaming services services. The company is a subsidiary of Tencent Holdings Limited.
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Top 5 ETFs holding TME
KraneShares CSI China Internet ETF
$188.29M
iShares MSCI China ETF
$20.98M
Xtrackers MSCI China UCITS ETF 1D Distribution
$4.73M
Franklin FTSE China UCITS ETF USD
$635.61K
CI Galaxy Metaverse ETF
$16.47K
Up to five ETFs with an Outperform Smart Score that hold TME. The ETFs are listed according to market value of TME within the ETF
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