Tencent Music Entertainment Group (NYSE:TME – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.72.
Several research firms recently commented on TME. Mizuho dropped their target price on Tencent Music Entertainment Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday. Daiwa America downgraded shares of Tencent Music Entertainment Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Bank of America cut their price objective on shares of Tencent Music Entertainment Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Daiwa Capital Markets downgraded shares of Tencent Music Entertainment Group from an “outperform” rating to a “neutral” rating in a report on Tuesday. Finally, Benchmark dropped their price target on shares of Tencent Music Entertainment Group from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday.
View Our Latest Stock Report on Tencent Music Entertainment Group
Hedge Funds Weigh In On Tencent Music Entertainment Group
Tencent Music Entertainment Group Trading Down 4.0 %
Shares of TME opened at $10.53 on Friday. Tencent Music Entertainment Group has a fifty-two week low of $5.96 and a fifty-two week high of $15.77. The company has a market capitalization of $18.07 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.83 and a beta of 0.68. The stock has a fifty day moving average of $14.00 and a two-hundred day moving average of $12.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.67 and a current ratio of 2.67.
About Tencent Music Entertainment Group
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; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.
Featured Articles
- Five stocks we like better than Tencent Music Entertainment Group
- What is a Secondary Public Offering? What Investors Need to Know
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- What Are the FAANG Stocks and Are They Good Investments?
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
Receive News & Ratings for Tencent Music Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tencent Music Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.