Large-cap Consumer Discretionary company Tencent Music Entertainment has logged a 2.7% change today on a trading volume of 7,494,198. The average volume for the stock is 6,647,514.
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. Based in Shenzhen, China the company has 5,353 full time employees and a market cap of $34,550,861,824. Tencent Music Entertainment currently offers its equity investors a dividend that yields 5.9% per year.
The company is now trading 14.53% away from its average analyst target price of $19.84 per share. The 31 analysts following the stock have set target prices ranging from $14.525988 to $26.166035, and on average give Tencent Music Entertainment a rating of buy.
Over the last 52 weeks, TME stock has risen 68.5%, which amounts to a 49.0% difference compared to the S&P 500. The stock's 52 week high is $22.98 whereas its 52 week low is $9.41 per share. Based on Tencent Music Entertainment's average net margin growth of 7.7% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 28,401,000 | 7,109,000 | 25 | 31.58 |
| 2023 | 27,752,000 | 5,220,000 | 19 | 35.71 |
| 2022 | 28,339,000 | 3,839,000 | 14 | 40.0 |
| 2021 | 31,244,000 | 3,215,000 | 10 | -28.57 |
| 2020 | 29,153,000 | 4,176,000 | 14 | -12.5 |
| 2019 | 25,434,000 | 3,977,000 | 16 |
