At the time of writing, Tencent Music Entertainment Group ADR [TME] stock is trading at $12.65, up 2.51%. 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 -0.47% over the last week, with a monthly amount glided 5.59%, and 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.
For the past year, the stock price of Tencent Music Entertainment Group ADR fluctuated between $9.15 and $15.77. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $12.65 at the most recent close of the market. An investor can expect a potential return of 13.28% based on the average TME price forecast.
Analyzing the TME fundamentals
According to Tencent Music Entertainment Group ADR [NYSE:TME], the company’s sales were 3.86B for trailing twelve months, which represents an 7.97% jump. 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 12.43 points at the first support level, and at 12.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.82, and for the 2nd resistance point, it is at 12.99.
Ratios To Look Out For
It is important to note that Tencent Music Entertainment Group ADR [NYSE:TME] has a current ratio of 2.26. Also, the Quick Ratio is 2.26, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 23.71.
