Tencent Music Entertainment Group ADR (TME): Price and Financial Metrics

Tencent Music Entertainment Group ADR (TME): $3.67

-0.31 (-7.79%)

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TME Price/Volume Stats

Current price $3.67 52-week high $16.53
Prev. close $3.98 52-week low $2.95
Day low $3.59 Volume 21,432,223
Day high $3.86 Avg. volume 17,463,119
50-day MA $4.49 Dividend yield N/A
200-day MA $6.45 Market Cap 6.16B

Tencent Music Entertainment Group ADR (TME) Company Bio

Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. The company is headquartered in Beijing, China.

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Latest TME News From Around the Web

Below are the latest news stories about Tencent Music Entertainment Group that investors may wish to consider to help them evaluate TME as an investment opportunity.

Tencent Music: Waiting on the Sidelines for Now

Since March 2021, a seemingly endless downtrend has ensued for Tencent Music Entertainment Group (TME), with shares down more than 80% since then. To summarize them in a few notable ones, the headwinds come from the following factors. There is increased competition. Microsoft's (MSFT) impressive landing in the online video games market, with its anticipated acquisition of Activision Blizzard (ATVI) for nearly $70 billion, is scheduled to close in 2023. This will make Microsoft the third largest giant in the video game world by revenue, after Tencent (TCEHY) and Sony (SONY).

Alberto Abaterusso on TipRanks | February 22, 2022

Should You Now Take Some Profits in Your Tencent (TME) Position?

Polen Capital, an investment management firm, published its “Polen Global Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly gross return of 7.08% was delivered by the fund for the fourth quarter of 2021, versus the MSCI All-Country World Index (the “Index”)’s return of 6.67% for the […]

Yahoo | February 21, 2022

Here''s Why Goldman Sachs Downgraded Bilibili, Zhihu, Tencent Music Entertainment

Goldman Sachs downgraded three Chinese companies which trade in the U.S. Goldman Sachs analyst Piyush Mubayi downgraded Bilibili Inc (NASDAQ: BILI ) to Neutral from Buy with a price target of $43, down from $105 (17.68% upside). The analyst is becoming more cautious on the company''s monetization pace, profitability, and cash flow outlook against softer macro in China and the regulatory overhang in online game/ad verticals. Mubayi remains constructive on the company''s user engagement in 2022 as it expands its multi-category, multi-scenario video community. Mubayi downgraded Zhihu Inc (NYSE: ZH )

Benzinga | February 18, 2022

Friday Afternoon’s Top Analyst Upgrades and Downgrades: Marathon Oil, Roku, Tencent Music and More

Friday afternoon''s top analyst upgrades and downgrades included Agora, Bilibili, KE, Iridium Communications, Marathon Oil, Redfin, Roku and Tencent Music Entertainment.

24/7 Wall street | February 18, 2022

Russia-Ukraine Tension Continues; Meta Down 40% YTD; Nvidia, Tesla Continue to Drop

Stocks are wavering, and face another down week as 2022 stumbles due to geopolitical and interest rate uncertainties

Yahoo | February 18, 2022

Read More 'TME' Stories Here

TME Price Returns

1-mo -10.05%
3-mo -32.29%
6-mo N/A
1-year -75.93%
3-year -73.05%
5-year N/A
YTD -46.42%
2021 -64.40%
2020 63.88%
2019 -11.20%
2018 N/A
2017 N/A

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