Tencent Music Entertainment logged a -1.2% change during today's morning session, and is now trading at a price of $14.91 per share. The S&P 500 index moved 0.0%. TME's trading volume is 2,485,490 compared to the stock's average volume of 8,019,675.
Tencent Music Entertainment trades -5.35% away from its average analyst target price of $15.76 per share. The 28 analysts following the stock have set target prices ranging from $12.996956 to $19.095448, 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 24.9% above its Graham number of $11.94, which implies that at its current valuation it does not offer a margin of safety
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Tencent Music Entertainment has moved 29.1% over the last year, and the S&P 500 logged a change of 7.5%
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Based on its trailing earnings per share of 0.59, Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 25.3 while the S&P 500 average is 29.3
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TME has a forward P/E ratio of 19.4 based on its forward 12 month price to earnings (EPS) of $0.77 per share
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Its Price to Book (P/B) ratio is 0.34 compared to its sector average of 3.19
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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.