Tencent Music Entertainment Group (TME)
(Delayed Data from NYSE)
$13.34 USD
-0.04 (-0.30%)
Updated May 10, 2024 04:00 PM ET
After-Market: $13.35 +0.01 (0.07%) 7:58 PM ET
2-Buy of 5 2
C Value C Growth C Momentum C VGM
Tencent Music Entertainment Group Sponsored ADR (TME) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$12.42 | $14.00 | $10.40 | -7.17% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Tencent Music Entertainment Group Sponsored ADR comes to $12.42. The forecasts range from a low of $10.40 to a high of $14.00. The average price target represents a decline of 7.17% from the last closing price of $13.38.
Analyst Price Targets (15)
Broker Rating
Tencent Music Entertainment Group Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.25 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 1.27 a month ago based on 13 recommendations.
Of the 14 recommendations deriving the current ABR, 11 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 78.57% and 14.29% of all recommendations. A month ago, Strong Buy made up 76.92%, while Buy represented 15.38%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 11 | 11 | 10 | 7 | 7 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 1 | 1 | 1 | 4 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.25 | 1.25 | 1.27 | 1.73 | 1.73 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
3/28/2024 | New Street Research | Jin Yoon | Not Available | Strong Buy |
3/20/2024 | Mizuho SecuritiesUSA | Wei Fang | Strong Buy | Strong Buy |
3/20/2024 | The Benchmark Company | Fawne Jiang | Strong Buy | Strong Buy |
2/5/2024 | CLSA Americas | Maggie Ye | Not Available | Moderate Buy |
1/10/2024 | Macquarie Capital Securities | Ellie Jiang | Hold | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.25 |
ABR (Last week) | 1.25 |
# of Recs in ABR | 14 |
Average Target Price | $12.42 |
LT Growth Rate | 28.10% |
Industry | Internet - Content |
Industry Rank by ABR | 51 of 252 |
Current Quarter EPS Est: | 0.14 |