Large-cap Consumer Discretionary company Tencent Music Entertainment has moved 3.9% so far today on a volume of 5,692,068, compared to its average of 9,122,500. In contrast, the S&P 500 index moved 1.0%.
Tencent Music Entertainment trades -2.18% away from its average analyst target price of $11.91 per share. The 27 analysts following the stock have set target prices ranging from $7.5 to $15.0, and on average have given Tencent Music Entertainment a rating of buy.
Anyone interested in buying TME should be aware of the facts below:
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Tencent Music Entertainment's current price is 22.6% above its Graham number of $9.5, which implies that at its current valuation it does not offer a margin of safety
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Tencent Music Entertainment has moved 55.7% over the last year, and the S&P 500 logged a change of 26.7%
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Based on its trailing earnings per share of 0.42, Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 27.7 while the S&P 500 average is 15.97
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TME has a forward P/E ratio of 16.0 based on its forward 12 month price to earnings (EPS) of $0.73 per share
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The company has a price to earnings growth (PEG) ratio of 63.49 — a number near or below 1 signifying that Tencent Music Entertainment is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 0.32 compared to its sector average of 4.24
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Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China.