Top-Rated StocksTop-RatedNYSE:TME Tencent Music Entertainment Group (TME) Stock Price, News & Analysis $14.34 +0.29 (+2.06%) (As of 07/1/2024 ET) Add Compare Share Share Today's Range$14.11▼$14.5250-Day Range$11.78▼$15.5052-Week Range$5.70▼$15.77Volume3.97 million shsAverage Volume8.29 million shsMarket Capitalization$24.61 billionP/E Ratio31.17Dividend Yield0.91%Price Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Tencent Music Entertainment Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.91 Rating ScoreUpside/Downside11.1% Downside$12.75 Price TargetShort InterestHealthy3.70% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth29.03%From $0.62 to $0.80 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.1.79 out of 5 starsComputer And Technology Sector434th out of 588 stocksRadio Broadcasting Stations Industry7th out of 8 stocks 1.5 Analyst's Opinion Consensus RatingTencent Music Entertainment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageTencent Music Entertainment Group has only been the subject of 2 research reports in the past 90 days.Read more about Tencent Music Entertainment Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.70% 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 0.71%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldTencent Music Entertainment Group has a dividend yield of 0.95%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthTencent Music Entertainment Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tencent Music Entertainment Group is 28.26%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Tencent Music Entertainment Group will have a dividend payout ratio of 16.25% next year. This indicates that Tencent Music Entertainment Group will be able to sustain or increase its dividend.Read more about Tencent Music Entertainment Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TME. Previous Next 2.4 News and Social Media Coverage News SentimentTencent Music Entertainment Group has a news sentiment score of 1.38. 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 0.76 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Tencent Music Entertainment Group this week, compared to 5 articles on an average week.Search InterestOnly 2 people have searched for TME on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Tencent Music Entertainment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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.Read more about Tencent Music Entertainment Group's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Tencent Music Entertainment Group are expected to grow by 29.03% in the coming year, from $0.62 to $0.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tencent Music Entertainment Group is 31.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Tencent Music Entertainment Group is 31.17, 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 244.63.Price to Earnings Growth RatioTencent Music Entertainment Group has a PEG Ratio of 1.05. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTencent Music Entertainment Group has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Tencent Music Entertainment Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… 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; 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. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on 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; and artist-related merchandise, such as branded apparel, posters and art prints, and accessories and integrated and technology-driven music solutions that help IoT device manufacturers build and operate their branded music services on their IoT devices, as well as offers advertising services across its online karaoke platform and online music apps. The company is headquartered 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 HeadlinesJune 24, 2024 | americanbankingnews.comBrokerages Set Tencent Music Entertainment Group (NYSE:TME) Target Price at $12.75May 21, 2024 | finance.yahoo.comTencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024July 1, 2024 | The Freeport Society (Ad)Biden Nomination CANCELED?And I believe when they do take the oath of office, their fingers will be crossed… and America will descend into chaos.May 14, 2024 | msn.comTencent Music Entertainment Q1 Subs Hit Record High, 2 Analysts Raise ForecastsMay 14, 2024 | msn.comTencent Music Entertainment Group (NYSE:TME) Q1 2024 Earnings Call TranscriptMay 14, 2024 | finance.yahoo.comTencent Music Entertainment Group First Quarter 2024 Earnings: Beats ExpectationsMay 14, 2024 | finance.yahoo.comHeard on the Street: Tencent Pulls Ahead of Alibaba as Fortunes Diverge on the Chinese InternetMay 14, 2024 | finance.yahoo.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese)July 1, 2024 | The Freeport Society (Ad)Biden Nomination CANCELED?And I believe when they do take the oath of office, their fingers will be crossed… and America will descend into chaos.May 14, 2024 | marketwatch.comTencent Music Shares Rise After Earnings BeatMay 14, 2024 | gurufocus.comQ1 2024 Tencent Music Entertainment Group Earnings Call (Chinese) TranscriptMay 13, 2024 | msn.comTencent Music Quarterly Profits Jump 28% on Growing Subscriber BaseMay 13, 2024 | finance.yahoo.comTencent Music Entertainment Likely Poised to Triple Music Revenue in 2030, Morgan Stanley SaysMay 13, 2024 | nasdaq.comTencent Music’s Q1 Shows Growth and Persistent ChallengesMay 13, 2024 | seekingalpha.comTencent Music Entertainment Is A Buy Following Earnings Beat (Rating Upgrade)May 13, 2024 | msn.comTencent Music beats Q1 revenue estimates on steady rise in paid subscriptionsMay 13, 2024 | markets.businessinsider.comTencent Music Q1 Net Profit Rises; Revenues From Music Subscriptions Up 39.2%May 13, 2024 | finance.yahoo.comTencent Music Entertainment Group Announces First Quarter 2024 Unaudited Financial Results and Annual Dividend PlanMay 13, 2024 | finance.yahoo.comTencent Music First-Quarter Results Top Views as Online Music Paying Users AdvanceMay 13, 2024 | reuters.comTencent Music beats quarterly revenue estimatesMay 13, 2024 | benzinga.comTencent Music Entertainment, StoneCo And 3 Stocks To Watch Heading Into MondayMay 13, 2024 | msn.comTencent Music Entertainment Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings CallMay 10, 2024 | msn.comTencent Music Entertainment Q1 2024 Earnings PreviewMay 6, 2024 | finance.yahoo.comAt US$13.50, Is It Time To Put Tencent Music Entertainment Group (NYSE:TME) On Your Watch List?May 2, 2024 | msn.comTikTok and Universal Music Group Settle Royalty Dispute With New Licensing AgreementApril 30, 2024 | msn.comJYP Entertainment teams up with China's NetEase Cloud Music on streamingApril 27, 2024 | nasdaq.comTencent Music Entertainment Group Reaches Analyst Target PriceSee More Headlines Company Calendar Last Earnings5/13/2024Ex-Dividend for 6/27 Dividend5/31/2024Dividend Payable6/27/2024Today7/01/2024Next Earnings (Estimated)8/20/2024Fiscal 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/AEmployees5,185Year Founded2016Price Target and Rating Average Stock Price Target$12.75 High Stock Price Target$19.00 Low Stock Price Target$10.00 Potential Upside/Downside-11.1%Consensus RatingModerate Buy Rating Score (0-4)2.91 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio31.17 Forward P/E Ratio23.13 P/E Growth1.05Net Income$695.20 million Net Margins18.88% Pretax Margin24.13% Return on Equity9.85% Return on Assets7.48% Debt Debt-to-Equity Ratio0.09 Current Ratio2.67 Quick Ratio2.67 Sales & Book Value Annual Sales$27.52 billion Price / Sales0.89 Cash Flow$0.53 per share Price / Cash Flow27.16 Book Value$4.71 per share Price / Book3.04Miscellaneous Outstanding Shares1,716,077,000Free FloatN/AMarket Cap$24.61 billion OptionableOptionable Beta0.72 Social Links Key ExecutivesMr. Kar Shun Pang (Age 50)Executive Chairman Mr. Zhu Liang (Age 48)CEO & Director Ms. Min Hu (Age 52)CFO & Director Millicent T.Head of IRMr. 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 CompetitorsSpotify TechnologyNYSE:SPOTSirius XMNASDAQ:SIRITownsquare MediaNYSE:TSQiHeartMediaNASDAQ:IHRTUrban OneNASDAQ:UONEView All CompetitorsInstitutional OwnershipSwedbank ABBought 176,919 shares on 5/21/2024Ownership: 0.010%Walleye Trading LLCSold 13,200 shares on 5/17/2024Ownership: 0.000%iA Global Asset Management Inc.Bought 10,277 shares on 5/17/2024Ownership: 0.001%California State Teachers Retirement SystemBought 14,145 shares on 5/16/2024Ownership: 0.013%Bayesian Capital Management LPBought 31,494 shares on 5/16/2024Ownership: 0.002%View All Institutional Transactions TME Stock Analysis - Frequently Asked Questions Should I buy or sell Tencent Music Entertainment Group stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tencent Music Entertainment Group in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research 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? 11 Wall Street analysts have issued twelve-month target prices for Tencent Music Entertainment Group's stock. Their TME share price targets range from $10.00 to $19.00. On average, they predict the company's stock price to reach $12.75 in the next year. This suggests that the stock has a possible downside of 11.1%. 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 start of the year. Since then, TME shares have increased by 59.2% and is now trading at $14.34. View the best growth stocks for 2024 here. When is Tencent Music Entertainment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 20th 2024. View our TME earnings forecast. How were Tencent Music Entertainment Group's earnings last quarter? Tencent Music Entertainment Group (NYSE:TME) issued its quarterly earnings data on Monday, May, 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business earned $937 million during the quarter, compared to analyst estimates of $904.29 million. Tencent Music Entertainment Group had a net margin of 18.88% and a trailing twelve-month return on equity of 9.85%. How often does Tencent Music Entertainment Group pay dividends? What is the dividend yield for Tencent Music Entertainment Group? Tencent Music Entertainment Group declared an annual dividend on Monday, May 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.121 per share on Thursday, June 27th. This represents a yield of 0.78%. The ex-dividend date of this dividend is Friday, May 31st. Read our dividend analysis for TME. Is Tencent Music Entertainment Group a good dividend stock? Tencent Music Entertainment Group (NYSE:TME) pays an annual dividend of $0.13 per share and currently has a dividend yield of 0.95%. The dividend payout ratio is 28.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TME will have a dividend payout ratio of 16.25% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TME. 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 CoreValues Alpha Greater China Growth ETF (CGRO), Global X Social Media Index ETF (SOCL), Invesco Golden Dragon China ETF (PGJ), KraneShares CSI China Internet ETF (KWEB), MUSQ Global Music Industry ETF (MUSQ), Principal Millennial Global Growth ETF (GENY), Global X Emerging Markets Great Consumer ETF (EMC) 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. 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 7/1/2024 by MarketBeat.com Staff From Our Partners1k a day while computer does all work?What I discovered is now helping me take in more than 1k a day. 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