Tencent Music Entertainment Group

TME

US88034P1093

Internet Services

Market Closed - Nyse Other stock markets 04:00:02 2024-05-31 pm EDT			5-day change	1st Jan Change
14.45 ^USD	-3.88%		-0.34%	+60.38%

May. 14	Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating	MT
May. 14	Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating	MT

Tencent Music Entertainment Group Provides Revenue Guidance for the Full Year 2021

August 16, 2021 at 09:22 pm EDT

Tencent Music Entertainment Group provided revenue guidance for the full year 2021. For the year, the company currently expect the total revenue year-over-year growth rate to be approximately 10% with online music revenue growth around 30%, and continue to see healthy operating leverage coming through for online music.

Latest news about Tencent Music Entertainment Group

Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating	May. 14	MT
Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating	May. 14	MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $15.50 From $10.40, Keeps Hold Rating	May. 14	MT
Jefferies Adjusts Price Target on Tencent Music Entertainment to $15.40 From $12, Maintains Buy Rating	May. 14	MT
Goldman Sachs Adjusts Price Target on Tencent Music Entertainment to $16 From $14, Keeps Buy Rating	May. 14	MT
Benchmark Adjusts Price Target on Tencent Music Entertainment to $19 From $14, Keeps Buy Rating	May. 14	MT
Mizuho Securities Raises Price Target on Tencent Music Entertainment to $17 From $15, Keeps Buy Rating	May. 14	MT
Tencent Music's Q1 Profit Rises 24% Despite Lower Revenue; Shares Jump 9%	May. 14	MT
Tencent Music Shares Rise After Earnings Beat	May. 13	DJ
Tencent Music Entertainment Likely Poised to Triple Music Revenue in 2030, Morgan Stanley Says	May. 13	MT
Global markets live: Pfizer, Chevron, Amazon, Booking, Apple, Novavax, SoftBank...	May. 13
Sector Update: Tech Stocks Advance Pre-Bell Monday	May. 13	MT
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Key Inflation Reports	May. 13	MT
Stock Futures Rise Pre-Bell Ahead of Key Inflation Data; Asia, Europe Churn	May. 13	MT
Transcript : Tencent Music Entertainment Group, Q1 2024 Earnings Call, May 13, 2024	May. 13
Morgan Stanley Raises Price Target on Tencent Music Entertainment Group to $19 From $13.50, Keeps Overweight Rating	May. 13	MT
Tencent Music First-Quarter Results Top Views as Online Music Paying Users Advance	May. 13	MT
Tranche Update on Tencent Music Entertainment Group's Equity Buyback Plan announced on March 21, 2023.	May. 13	CI
Tencent Music Entertainment Q1 Earnings Rise, Revenue Declines	May. 13	MT
Tencent Music beats quarterly revenue estimates	May. 13	RE
Tencent Music Entertainment Group Adopts Annual Cash Dividend Policy; Declares Cash Dividend for the Fiscal Year of 2023, Payable on or Around June 21, 2024	May. 13	CI
Tencent Music Entertainment Group Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 13	CI
Mizuho Securities Raises Tencent Music Entertainment's Price Target to $15 From $13, Keeps Buy Rating	May. 10	MT
Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower	Apr. 05	MT
Sector Update: Tech Stocks Mixed Pre-Bell Friday	Mar. 22	MT

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Company Profile

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.

Sector

Internet Services

Calendar

2024-06-27 - Annual General Meeting

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Ratings for Tencent Music Entertainment Group

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

109.9 CNY

Average target price

118.1 CNY

Spread / Average Target

+7.47%

Consensus

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Quarterly earnings - Rate of surprise

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