In the latest trading session, 0.66 million Tencent Music Entertainment Group ADR (NYSE:TME) shares changed hands as the company’s beta touched 0.65. With the company’s most recent per share price at $11.93 changing hands around $0.05 or 0.38% at last look, the market valuation stands at $8.34B. TME’s current price is a discount, trading about -32.19% off its 52-week high of $15.77. The share price had its 52-week low at $6.55, which suggests the last value was 45.1% up since then. When we look at Tencent Music Entertainment Group ADR’s average trading volume, we note the 10-day average is 8.08 million shares, with the 3-month average coming to 10.20 million.

Analysts gave the Tencent Music Entertainment Group ADR (TME) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TME as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Tencent Music Entertainment Group ADR’s EPS for the current quarter is expected to be 0.17.

Tencent Music Entertainment Group ADR (NYSE:TME) trade information

Instantly TME is in green as seen in intraday trades today. With action -6.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 32.35%, with the 5-day performance at -6.10% in the red. However, in the 30-day time frame, Tencent Music Entertainment Group ADR (NYSE:TME) is 20.94% up. Looking at the short shares, we see there were 25.01 million shares sold at short interest cover period of 2.18 days.

The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 11.63% from its recent market value. According to analyst projections, TME’s forecast low is 9 with 24 as the target high. To hit the forecast high, the stock’s price needs a -101.17% plunge from its current level, while the stock would need to tank 24.56% for it to hit the projected low.

Tencent Music Entertainment Group ADR (TME) estimates and forecasts

Data shows that the Tencent Music Entertainment Group ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.40% over the past 6 months, a 26.42% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach 2.70% up from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 991.59M. 12 analysts are of the opinion that Tencent Music Entertainment Group ADR’s revenue for the current quarter will be 1.04B. The company’s revenue for the corresponding quarters a year ago was 913.25M and 969.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.60%. The estimates for the next quarter sales put growth at 7.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.83%. The 2024 estimates are for Tencent Music Entertainment Group ADR earnings to increase by 36.61%, but the outlook for the next 5-year period is at 20.19% per year.

TME Dividends

Tencent Music Entertainment Group ADR is expected to release its next quarterly earnings report on 2024-Nov-12. The 1.15% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 1.15% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Tencent Music Entertainment Group ADR (NYSE:TME)’s Major holders

INVESCO LTD. holds the second largest percentage of outstanding shares, with 1.7235% or 26.56 million shares worth $373.16 million as of 2024-06-30.