A share price of Tencent Music Entertainment Group ADR [TME] is currently trading at $18.34, down -0.92%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TME shares have gain 5.52% over the last week, with a monthly amount glided 30.26%, 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 March 26, 2025, when Deutsche Bank upgraded its rating to a Buy. Previously, Morgan Stanley upgraded its rating to Overweight on January 21, 2025. On November 06, 2024, Barclays initiated with a Overweight rating and assigned a price target of $16 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $14 on November 04, 2024. Morgan Stanley downgraded its rating to a Equal-Weight but $13 remained the price target by the analyst firm on September 25, 2024. Daiwa Securities downgraded its rating to Neutral for this stock on August 13, 2024. In a note dated March 20, 2024, Goldman upgraded an Buy rating on this stock but restated the target price of $14.
Tencent Music Entertainment Group ADR experienced fluctuations in its stock price throughout the past year between $9.41 and $18.82. Currently, Wall Street analysts expect the stock to reach $14.62 within the next 12 months. Tencent Music Entertainment Group ADR [NYSE: TME] shares were valued at $18.34 at the most recent close of the market. An investor can expect a potential drop of -20.28% based on the average TME price forecast.
Analyzing the TME fundamentals
Trailing Twelve Months sales for Tencent Music Entertainment Group ADR [NYSE:TME] were 4.02B which represents 7.37% growth.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tencent Music Entertainment Group ADR [NYSE:TME] is 1.83. In addition, the Quick Ratio stands at 1.83. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 2.49 and price to earnings (TTM) ratio is 21.70.
Transactions by insiders
Recent insider trading involved PAN TSAI-CHUN, Officer, that happened on Mar 31 ’25 when 1.04 million shares were purchased.
