In the last trading session, 10.35 million Tencent Music Entertainment Group ADR (NYSE:TME) shares changed hands as the company’s beta touched 0.51. With the company’s per share price at $18.34 changed hands at -$0.17 or -0.92% during last session, the market valuation stood at $12.83B. TME’s last price was a discount, traded about -2.62% off its 52-week high of $18.82. The share price had its 52-week low at $9.41, which suggests the last value was 48.69% up since then.
Analysts gave the Tencent Music Entertainment Group ADR (TME) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.41. 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 (NYSE:TME) trade information
Instantly TME was in red as seen at the end of in last trading. With action 5.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 61.59%, with the 5-day performance at 5.52% in the green. However, in the 30-day time frame, Tencent Music Entertainment Group ADR (NYSE:TME) is 30.26% up.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need a downside of -31.0% from its current 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 -30.86% plunge from its current level, while the stock would need to tank 50.93% for it to hit the projected low.
Tencent Music Entertainment Group ADR (TME) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.19%. The 2025 estimates are for Tencent Music Entertainment Group ADR earnings to increase by 48.52%, but the outlook for the next 5-year period is at 19.91% per year.
TME Dividends
Tencent Music Entertainment Group ADR is expected to release its next quarterly earnings report in July. The 1.73% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 1.73% 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 1.7204% or 26.56 million shares worth $373.16 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were Krane Shares Trust-KraneShares CSI China Internet ETF and New World Fund Inc. With 22.28 shares estimated at $408.68 million under it, the former controlled 2.60% of total outstanding shares. On the other hand, New World Fund Inc held about 1.51% of the shares, roughly 12.98 shares worth around $238.07 million.
