A share price of Tencent Music Entertainment Group ADR [TME] is currently trading at $11.59, up 4.89%. 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 11.44% over the last week, with a monthly amount drifted -3.01%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Tencent Music Entertainment Group ADR [NYSE: TME] stock has seen the most recent analyst activity on January 21, 2025, when Morgan Stanley upgraded its rating to a Overweight. Previously, Barclays started tracking the stock with Overweight rating on November 06, 2024, and set its price target to $16. On November 04, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $14 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $13 on September 25, 2024. Daiwa Securities downgraded its rating to a Neutral. Goldman upgraded its rating to Buy for this stock on March 20, 2024, but kept the price target unchanged to $14. In a note dated March 20, 2024, Citigroup upgraded an Buy rating on this stock and boosted its target price from $9 to $13.
Tencent Music Entertainment Group ADR experienced fluctuations in its stock price throughout the past year between $8.71 and $15.77. Currently, Wall Street analysts expect the stock to reach $13.67 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $11.59 at the most recent close of the market. An investor can expect a potential return of 17.95% based on the average TME price forecast.
Analyzing the TME fundamentals
Trailing Twelve Months sales for Tencent Music Entertainment Group ADR [NYSE:TME] were 3.86B which represents 7.97% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 11.23 points at the first support level, and at 10.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.79, and for the 2nd resistance point, it is at 12.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tencent Music Entertainment Group ADR [NYSE:TME] is 2.26. Further, the Quick Ratio stands at 2.26, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 21.72.
