Tencent Music Entertainment Group ADR [TME] stock prices are up 2.75% to $11.58 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TME shares have lost -2.69% over the last week, with a monthly amount glided 4.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tencent Music Entertainment Group ADR [NYSE: TME] stock has seen the most recent analyst activity on March 20, 2024, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $14 for it. Previously, Citigroup upgraded its rating to Buy on March 20, 2024, and elevated its price target to $13. On February 05, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $12 on the stock. CLSA started tracking the stock assigning a Outperform rating and suggested a price target of $10.50 on February 05, 2024. UBS upgraded its rating to a Buy but $10.50 remained the price target by the analyst firm on January 24, 2024. JP Morgan upgraded its rating to Overweight for this stock on November 16, 2023. In a note dated July 31, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $9.70 to $7.50.
The stock price of Tencent Music Entertainment Group ADR [TME] has been fluctuating between $5.70 and $12.00 over the past year. Currently, Wall Street analysts expect the stock to reach $14.56 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $11.58 at the most recent close of the market. An investor can expect a potential return of 25.73% based on the average TME price forecast.
Analyzing the TME fundamentals
The Tencent Music Entertainment Group ADR [NYSE:TME] reported sales of 3.92B for trailing twelve months, representing a drop of -8.61%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.36 points at the first support level, and at 11.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.75, and for the 2nd resistance point, it is at 11.93.
Ratios To Look Out For
It’s worth pointing out that Tencent Music Entertainment Group ADR [NYSE:TME]’s Current Ratio is 2.49. Also, the Quick Ratio is 2.49, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 26.37.
