Tencent Music Entertainment Group ADR (NYSE:TME) has a beta value of 0.52 and has seen 1.18 million shares traded in the recent trading session. The company, currently valued at $13.20B, closed the recent trade at $18.87 per share which meant it gained $0.11 on the day or 0.59% during that session. The TME stock price is -2.81% off its 52-week high price of $19.40 and 50.13% above the 52-week low of $9.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.07 million shares traded. The 3-month trading volume is 7.32 million shares.
The consensus among analysts is that Tencent Music Entertainment Group ADR (TME) is Buy stock at the moment, with a recommendation rating of 1.41. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 10 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
Tencent Music Entertainment Group ADR (NYSE:TME) trade information
Sporting 0.59% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TME stock price touched $18.87 or saw a rise of 0.68%. Year-to-date, Tencent Music Entertainment Group ADR shares have moved 34.70%, while the 5-day performance has seen it change 3.69%. Over the past 30 days, the shares of Tencent Music Entertainment Group ADR (NYSE:TME) have changed 7.71%. Short interest in the company has seen 22.88 million shares shorted with days to cover at 3.12.
Wall Street analysts have a consensus price target for the stock at $26.2, which means that the shares’ value could jump 27.98% from the levels at last check today.. The projected low price target is $26.2 while the price target rests at a high of $26.2. In that case, then, we find that the latest price level in today’s session is -38.84% off the targeted high while a plunge would see the stock gain -38.84% from the levels at last check today..
Tencent Music Entertainment Group ADR (TME) estimates and forecasts
The company’s shares have gained 60.06% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.19% over the past 5 years. Earnings growth for 2025 is a modest 48.34% while over the next 5 years, the company’s earnings are expected to increase by 20.07%.
TME Dividends
Tencent Music Entertainment Group ADR is expected to release its next earnings report on 2025-May-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.18 at a share yield of 0.95%. The company’s dividend yield has gone up over the past 12 months.
Tencent Music Entertainment Group ADR (NYSE:TME)’s Major holders
Investors are also buoyed by the number of investors in a company, with Tencent Music Entertainment Group ADR having a total of 521.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 31.29 million shares worth more than $439.57 million. As of 2024-06-30, BLACKROCK INC. held 2.0266% of shares outstanding.
The other major institutional holder is INVESCO LTD., with the holding of over 26.56 million shares as of 2024-06-30. The firm’s total holdings are worth over $373.16 million and represent 1.7204% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Krane Shares Trust-KraneShares CSI China Internet ETF and New World Fund Inc . As of Mar 31, 2025 , the former fund manager holds about 2.60% shares in the company for having 22.28 shares of worth $421.72 million while later fund manager owns 12.98 shares of worth $245.66 million as of Mar 31, 2025 , which makes it owner of about 1.51% of company’s outstanding stock.
