15.85 -0.12 (-0.75%)
After hours: 5:01PM EDT
|Bid||15.80 x 3100|
|Ask||15.97 x 1400|
|Day's Range||15.88 - 16.08|
|52 Week Range||11.81 - 19.97|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||49.29|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.68|
Tencent shares gained over 13.0% in market value last month. The stock rose 3.4% on July 1, which took the returns to 17.3% in 2019.
Stocks in the sector, including well-known names like Alibaba, Tencent, and Baidu, are likely to perform very differently as the outlooks for different market corners diverge, JPMorgan says.
Of the 15 analysts tracking Tencent Music Entertainment (TME) stock, eight have given it “buys,” seven have given it “holds,” and none have given it “sells.” Analysts have a 12-month median target price of $17.7 on the stock, which indicates a potential upside of 17.0%.
In this series, we have seen that TME stock is set to expand revenue and profit margins going forward. The company’s sales are estimated to rise 36.9% in 2019 and 35.3% in 2020. Its earnings per share are also expected to gain over 35.0% annually in the next five years.
Tencent Music Entertainment (TME) has an expanding total addressable market. The music streaming market in China is estimated to grow from $1.14 billion in 2018 to $6.27 billion in 2023, according to iResearch.
The music streaming industry, like any other, depends on repeat purchases for sustainability. TME’s subscription model ensures repeat purchases, but the company needs to engage customers to stop them from switching to rival services.
Tencent Music Entertainment managed to increase its subscribers in the double digits across its segments in the first quarter driven by content diversification, partnerships with leading music labels, and the discovery of new and emerging musicians.
Shares of Tencent Music Entertainment (TME) have risen 14.5% year-to-date. However, the stock has fallen 16.4% since the start of April 2019. In fact, it's gained 14.3% in market value this month, which means its shares were down nearly 30.0% in April and May.
Tencent Music Entertainment (TME) managed to grow its revenue by 72.0% YoY (year-over-year) to $2.76 billion in 2018. A company’s revenue growth and earnings growth are key drivers of its stock price.
Tencent Music Entertainment has generated returns of 14.3% in June. Despite its recent rally, it's fallen 16.4% since April this year. TME is currently trading at $15.13 and is up 14.5% year-to-date.
Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]
These Tech Stocks Gained Over 5.0% on June 10(Continued from Prior Part)TME reboundedShares of Tencent Music Entertainment (TME) gained 5.0% overnight to close trading at $14.30. While there was no news about the company, the stock likely rebounded
Read the beginning of this article here. During the first quarter of 2019, Keywise Capital Management initiated five long positions, with the biggest one in NVIDIA Corporation (NASDAQ:NVDA). This is a Santa Clara-based technology company that designs graphics processing units and system on a chip units for various industries. It has a market cap of […]
How China's Tech Stocks Have Performed since Start of May(Continued from Prior Part)TME metricsTencent Music Entertainment (TME) was listed as an ADR (American Depository Receipt) in December 2018. The stock closed trading at $14.0 on December 12,
Paycom, ServiceNow, Upland Software, Kirkland Lake Gold, Workday, and PagSeguro are among 20 of the fastest-growing companies in terms of EPS growth.
ByteDance expects to introduce the new app as early as this fall in a handful of territories, mostly poorer countries where paid music services have yet to garner large audiences, said the people, who asked not to be identified because the plans haven’t been announced. The company has already secured rights from T-Series and Times Music, two of India’s largest labels, according to executives with those companies. While the new app isn’t named after TikTok, ByteDance will try to convert some of TikTok’s audience into paying customers, the people said.
Latest earnings report hints that the tech giant should spin off its fragmented and unprofitable digital-media platforms.
Investors need to pay close attention to Tencent Music (TME) stock based on the movements in the options market lately.