Tencent Music Entertainment Group ADR (TME)

Overview News Price History Option Chain Discussions Forecast

Tencent Music Entertainment Group ADR stock is currently priced at $11.58, with a 24-hour trading volume of 6.27M. It has seen a +2.75% increased in the last 24 hours and a +11.56% rose in the past month. The chart indicates a potential bullish trend, as the stock is above the $11.25 pivot point. If it approaches the $11.60 resistance level, significant changes may occur.

Tencent Music Entertainment Group ADR Stock (TME) Financials Data

Tencent Music Entertainment Group ADR (TME) Revenue 2024

TME reported a revenue (TTM) of $3.93 billion for the quarter ending December 31, 2023, a -6.66% decline year-over-year.

Tencent Music Entertainment Group ADR (TME) Net Income 2024

TME net income (TTM) was $695.78 million for the quarter ending December 31, 2023, a +28.38% increase year-over-year.

Tencent Music Entertainment Group ADR (TME) Cash Flow 2024

TME recorded a free cash flow (TTM) of $1.04 billion for the quarter ending December 31, 2023, a -6.87% decrease year-over-year.

Tencent Music Entertainment Group ADR (TME) Earnings per Share 2024

TME earnings per share (TTM) was $0.4412 for the quarter ending December 31, 2023, a +32.53% growth year-over-year.

Tencent Music Entertainment Group ADR Stock (TME) Latest News

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Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance. In addition, it sells music-related merchandise, including Kugou M1 headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is based in Shenzhen, Chiane. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Initiated	CLSA: Outperform	Feb-05-24
Initiated	Redburn Atlantic: Buy	Feb-05-24
Upgrade	UBS: Neutral → Buy	Jan-24-24
Upgrade	JP Morgan: Neutral → Overweight	Nov-16-23
Downgrade	Citigroup: Buy → Neutral	Jul-31-23
Downgrade	JP Morgan: Overweight → Neutral	Jul-26-23
Upgrade	China Renaissance: Hold → Buy	May-17-23
Upgrade	Citigroup: Neutral → Buy	May-17-23
Upgrade	Macquarie: Underperform → Neutral	May-17-23
Initiated	Mizuho: Buy	Apr-24-23
Initiated	JP Morgan: Overweight	Jan-30-23
Initiated	Daiwa Securities: Buy	Jan-13-23
Upgrade	Goldman: Sell → Neutral	Jan-09-23
Upgrade	Morgan Stanley: Equal-Weight → Overweight	Dec-01-22
Upgrade	JP Morgan: Neutral → Overweight	Nov-21-22
Upgrade	The Benchmark Company: Hold → Buy	Nov-16-22
Resumed	Goldman: Sell	Apr-11-22
Downgrade	Goldman: Neutral → Sell	Feb-18-22
Downgrade	China Renaissance: Buy → Hold	Jan-20-22
Initiated	The Benchmark Company: Hold	Dec-28-21
Downgrade	UBS: Buy → Neutral	Nov-15-21
Downgrade	Citigroup: Buy → Neutral	Nov-09-21
Downgrade	Loop Capital: Buy → Hold	Sep-13-21
Downgrade	Deutsche Bank: Buy → Hold	Aug-18-21
Downgrade	HSBC Securities: Buy → Hold	Aug-17-21
Downgrade	Macquarie: Neutral → Underperform	Aug-17-21
Downgrade	Morgan Stanley: Overweight → Equal-Weight	Jul-16-21
Resumed	China Renaissance: Buy	Jul-13-21
Downgrade	Goldman: Buy → Neutral	Mar-24-21
Downgrade	China Renaissance: Buy → Hold	Mar-23-21
Downgrade	Macquarie: Outperform → Neutral	Jan-27-21
Reiterated	Oppenheimer: Outperform	Jan-19-21
Reiterated	Needham: Buy	Dec-23-20
Initiated	Needham: Buy	Sep-24-20
Upgrade	Oppenheimer: Perform → Outperform	Aug-14-20
Upgrade	UBS: Neutral → Buy	Jun-30-20
Upgrade	Morgan Stanley: Equal-Weight → Overweight	Mar-12-20
Downgrade	Oppenheimer: Outperform → Perform	Feb-19-20
Downgrade	KeyBanc Capital Markets: Overweight → Sector Weight	Feb-18-20
Initiated	Jefferies: Buy	Aug-05-19
Initiated	Loop Capital: Buy	Jun-04-19
Downgrade	Credit Suisse: Outperform → Neutral	Mar-21-19
Initiated	Macquarie: Outperform	Feb-12-19
Initiated	HSBC Securities: Buy	Jan-18-19
Initiated	JP Morgan: Overweight	Jan-17-19
Initiated	Morgan Stanley: Equal-Weight	Jan-15-19
Initiated	Goldman: Buy	Jan-07-19
Initiated	KeyBanc Capital Mkts: Overweight	Jan-07-19
Initiated	Morgan Stanley: Equal-Weight	Jan-07-19
Initiated	Stifel: Hold	Jan-07-19