Large-cap Consumer Discretionary company Tencent Music Entertainment has moved 3.1% so far today on a volume of 1,882,397, compared to its average of 7,043,266. In contrast, the S&P 500 index moved -0.0%.
Tencent Music Entertainment trades 9.62% away from its average analyst target price of $18.85 per share. The 32 analysts following the stock have set target prices ranging from $14.554948 to $26.165365, and on average have given Tencent Music Entertainment a rating of buy.
If you are considering an investment in TME, you'll want to know the following:
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Tencent Music Entertainment's current price is 73.1% 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 31.2% over the last year, and the S&P 500 logged a change of 11.7%
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Based on its trailing earnings per share of 0.85, Tencent Music Entertainment has a trailing 12 month Price to Earnings (P/E) ratio of 24.3 while the S&P 500 average is 29.3
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TME has a forward P/E ratio of 26.8 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 0.43 compared to its sector average of 2.93
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Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.
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Based in Shenzhen, the company has 5,353 full time employees and a market cap of $31.84 Billion. Tencent Music Entertainment currently returns an annual dividend yield of 6.6%.