In today’s recent session, 2.48 million shares of the Tencent Music Entertainment Group ADR (NYSE:TME) have been traded, and its beta is 0.48. Most recently the company’s share price was $20.7, and it changed around $0.66 or 3.32% from the last close, which brings the market valuation of the company to $14.49B. TME at last check was trading at a discount to its 52-week high of $20.36, offering almost 1.64% off that amount. The share price’s 52-week low was $9.41, which indicates that the recent value has risen by an impressive 54.54% since then. We note from Tencent Music Entertainment Group ADR’s average daily trading volume that its 10-day average is 4.88 million shares, with the 3-month average coming to 7.13 million.
Tencent Music Entertainment Group ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.43. If we narrow it down even further, the data shows that 0 out of 32 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 4 recommended TME as a Hold, whereas 20 deemed it a Buy, and 0 rated it as Underweight. Tencent Music Entertainment Group ADR is expected to report earnings per share of 1.47 for the current quarter.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Instantly TME has been showing a green trend so far today with a performance of 3.32% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.72 on recent trading dayincreased the stock’s daily price by 0.1%. The company’s shares are currently up 38.58% year-to-date, but still up 6.23% over the last five days. On the other hand, Tencent Music Entertainment Group ADR (NYSE:TME) is 16.45% up in the 30-day period. We can see from the shorts that 22.6 million shares have been sold at a short interest cover period of 2.84 day(s).
The consensus price target as assigned by Wall Street analysts is $26.2, which translates to bulls needing to increase their stock price by 20.99% from its current value. Analyst projections state that TME is forecast to be at a low of $26.2 and a high of $26.2.
Tencent Music Entertainment Group ADR (TME) estimates and forecasts
The year-over-year growth rate is expected to be 10.30%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 7.97B in revenue for the current quarter. 11 analysts expect Tencent Music Entertainment Group ADR to make 7.81B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.16B and 7.01B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.35%. Forecasts for the next quarter put sales growth at 11.37%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.19%. Tencent Music Entertainment Group ADR earnings are expected to increase by 48.92% in 2025, but the outlook is positive 20.20% per year for the next five years.
TME Dividends
Tencent Music Entertainment Group ADR’s next quarterly earnings report is expected to be released on 2025-May-13. The annual dividend yield of the stock is 0.87 percent and its annual dividend per share was 0.18. It is important to note, however, that the 0.87% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Tencent Music Entertainment Group ADR (NYSE:TME)’s Major holders
Upon looking at major shareholders, 76.76% of them are in the hands of institutional investors. The stock currently has a share float of 76.76%. Tencent Music Entertainment Group ADR stock is held by 516.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 2.0266% of the shares, which is about 31.29 million shares worth $439.57 million.
INVESCO LTD., with 1.7204% or 26.56 million shares worth $373.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Krane Shares Trust-KraneShares CSI China Internet ETF and New World Fund Inc were the top two Mutual Funds as of Mar 31, 2025 . The former held 22.28 shares worth $459.49 million, making up 2.60% of all outstanding shares. On the other hand, New World Fund Inc held roughly 14.84 shares worth around $305.91 million, which represents about 1.73% of the total shares outstanding.
