Tencent Music Entertainment Group ADR (NYSE:TME) shares traded 1.61% higher at $8.22 on Wall Street last session.
In accordance with the data, 27 analysts cover Tencent Music Entertainment Group ADR (NYSE:TME). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $78.77 and a low of $41.49, we find $64.62. Given the previous closing price of $8.09, this indicates a potential upside of 698.76 percent. TME stock price is now 11.29% away from the 50-day moving average and 12.98% away from the 200-day moving average. The market capitalization of the company currently stands at $5.72B.
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It has been rated a hold by 5 analysts and a buy by 17. Brokers who have rated the stock have averaged $64.06 as their price target over the next twelve months.
A total of 0.02% of the company’s stock is owned by insiders.
Tencent Music Entertainment Group ADR (NYSE: TME) opened at $7.95 on Friday. During the past 12 months, Tencent Music Entertainment Group ADR has had a low of $5.70 and a high of $9.29. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.46, and a quick ratio of 2.46. According to the stock market information, the enterprise value for the company is $11.44B, which is based on a 19.31 price-to-earnings ratio, a 8.32 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for TME is $7.43 and a two-hundred day moving average price translates $7.28 for the stock.
The latest earnings results from Tencent Music Entertainment Group ADR (NYSE: TME) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.12, inline with analysts’ expectations of $0.12. This compares to $0.10 EPS in the same period last year. The net profit margin was 16.84% and return on equity was 9.62% for TME. The company reported revenue of $900.0 million for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.04 percent. For the current quarter, analysts expect TME to generate $934.91M in revenue.
