A share price of Tencent Music Entertainment Group ADR [TME] is currently trading at $12.28, up 0.08%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TME shares have gain 24.54% over the last week, with a monthly amount glided 20.63%, 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 September 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $13 for it. Previously, Daiwa Securities downgraded its rating to Neutral on August 13, 2024. On March 20, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $14 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $13 on March 20, 2024. Redburn Atlantic initiated its recommendation with a Buy and recommended $12 as its price target on February 05, 2024. CLSA started tracking with a Outperform rating for this stock on February 05, 2024, and assigned it a price target of $10.50. In a note dated January 24, 2024, UBS upgraded an Buy rating on this stock but restated the target price of $10.50.
Tencent Music Entertainment Group ADR experienced fluctuations in its stock price throughout the past year between $6.09 and $15.77. Currently, Wall Street analysts expect the stock to reach $14.58 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $12.28 at the most recent close of the market. An investor can expect a potential return of 18.73% based on the average TME price forecast.
Analyzing the TME fundamentals
Trailing Twelve Months sales for Tencent Music Entertainment Group ADR [NYSE:TME] were 3.79B which represents -4.74% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 12.01 points at the first support level, and at 11.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.77, and for the 2nd resistance point, it is at 13.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tencent Music Entertainment Group ADR [NYSE:TME] is 2.34. Further, the Quick Ratio stands at 2.34, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 24.85.
