Tencent Music Entertainment Stock


Tencent Music's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy. Dive deeper with interactive charts and top stories of TENCENT MUSIC ENTERTAINMENT GROUP. With its majority. 1% above the current share price. Executive Summary. According to Zacks Investment Research, "Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. Analyst recommendation for this stock stands at 2. The Tencent Music Entertainment Group remained 2. IPO later this year at a valuation of more than $25 billion. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers. Following Tencent Music’s IPO, the Chinese streaming music giant’s stock has remained relatively. The company had hoped to raised as much as $1. HONG KONG/NEW YORK (Reuters) - Tencent Music Entertainment launched its hotly-anticipated U. Tencent Music Entertainment Group (TME) has 0 splits in our Tencent Music Entertainment Group stock split history database. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Explore commentary on Tencent Music Entertainment Group and hear. QQ Music is a. Tencent Music Entertainment Group (TME) Stock Chart - Get stock charts for Tencent Music Entertainment Groupat NASDAQ. Data delayed 15 minutes. it tells investors how fast a company is growing. Tencent Music priced its IPO shares late Tuesday at $13 per American depository share. 4% on July 1, which took the returns to 17. NEW YORK, Oct. Shares of Tencent Music Entertainment Group - (NYSE:TME) gapped down before the market opened on Friday. Company profile page for Tencent Music Entertainment Group including stock price, company news, press releases, executives, board members, and contact information. com reports. Tencent Music Entertainment Group ADR Stock - TME news, historical stock charts, analyst ratings, financials, and today’s Tencent Music Entertainment Group ADR stock price. The company traded as low as $14. It is part of the Chinese music market, providing an online music entertainment platform in China. 39% for the month. DOW JONES, A NEWS CORP COMPANY. As a team of certified and e. Get Tencent Music Entertainment Group's stock price today. Dive deeper with interactive charts and top stories of TENCENT MUSIC ENTERTAINMENT GROUP. HONG KONG/NEW YORK (Reuters) – Tencent Music Entertainment launched its hotly-anticipated U. In fact, it's gained 14. 9 percent, while the half-yearly performance is -27. The stock of The Williams Companies, Inc. HONG KONG/NEW YORK (Reuters) - Tencent Music Entertainment launched its hotly-anticipated U. 35 and low was $13. Tencent Music Entertainment Group is based in Shenzhen, China. Tencent Music's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy. Updated stock price target summary. View detailed financial information, real-time news, videos, quotes and analysis on Tencent Music Entertainment Group (NYSE:TME). Tencent Music Entertainment (TME) is the largest online music entertainment platform in China, operating the top four music mobile apps in terms of mobile MAUs. About the company. The average rating from Wall Street analysts is a Moderate Buy. 3% in market value this month. Business Description Tencent Music Entertainment Group engages in the provision of online music entertainment services. Data delayed 15 minutes. 19 a share on Wednesday, topping its initial. com reports. Mascots of Tencent Music Entertainment celebrate the company's IPO outside the New York Stock Exchange in New York, Dec. View the latest TME stock quote and chart on MSN Money. The IPO comes as trade-related tensions between the U. The stock has shown a quarterly performance of -15. Its platform comprises of online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. Stock Analysis News Price vs Fair Value The Schall Law Firm Announces it is Investigating Claims Against Tencent Music Entertainment Group and Encourages Investors with Losses in Excess of. 72B shares of Tencent Music Entertainment Group outstanding. Tencent Music Entertainment Group (NYSE:TME) has seen a decrease in activity from the world’s largest hedge funds in recent months. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers. (TCEHY) , has filed papers to raise between $1. On December 12, Tencent Music Entertainment Group (TME) officially launched its US IPO on the New York Stock Exchange. 7, reaching $13. Tencent plans to spin-off its majority-owned Tencent Music Entertainment Group and list it separately in the US, Tencent said in a filing to the Hong Kong stock exchange on Sunday evening. Tencent Music stock falls in first earnings since IPO Tencent Music Entertainment Group engages in the provision of online music entertainment services. The China-based music streaming company Tencent Music Entertainment Group has raised $1. 36 points higher from last closing price of $12. 11% while it has a distance of -15. Tencent Music Entertainment Group (TME) Stock Chart - Get stock charts for Tencent Music Entertainment Groupat NASDAQ. 89 for its downside target. 14% since Wednesday, December 12, 2018 when Tencent Music Entertainment Group - ADR began trading. 42 while a Beta factor of the stock stands at 0. QQ Music is a. The chart is intuitive yet powerful, offering users multiple chart types including candlesticks. According to Zacks Investment Research, "Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. Tencent Music Entertainment Group is an online music entertainment platform in China. Chinese media company, Tencent, confirmed that Tencent Music Entertainment (TME) is set to be spun-off through a public listing in the U. Business Description Tencent Music Entertainment Group engages in the provision of online music entertainment services. On this news, Tencent Music's stock fell from. The price target set for the stock is $16. 66 million shares, as the stock started the trading session at the value of $13. Tencent Music Entertainment Group, China’s biggest music-streaming company, is set to postpone an initial public offering in the US amid current market turmoil, according to a report by The Wall. Tencent Music. Tencent Music Entertainment Group's fourth-quarter results met Wall Street estimates on the bottom line but fell short on revenue. 51% in the last trading day ( Friday, 11th Oct 2019 ), rising from $13. Tencent was listed in the Hong Kong Stock Exchange (SEHK) on June 16, 2004. The Tencent Music Entertainment Group 52-week low stock price is 11. 74 after jumping by 0. The Tencent Music Entertainment Group (NYSE:TME) is going up by 2. 7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. Profitability: Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs. 4% on July 1, which took the returns to 17. So, you may be digging up a reason for what's going on with the stock. 771 million shares. Get instant access to a free live streaming chart of the Tencent Music Entertainment Group Stock. Business Description Tencent Music Entertainment Group engages in the provision of online music entertainment services. Description. At current price of $13. Aktieägare i de relaterade bolagen äger också aktier i Tencent Music Entertainment Group. The Tencent Music Entertainment Group 52-week low stock price is 11. About the company. Get the latest Tencent Music Entertainment Group Sponsored ADR TME detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Our projection implies a bottom line growth rate of 20% for total revenue over the next 4. Now the Chinese conglomerate will bring its Tencent Music Entertainment division to domestic shores, as spotted by. In fact, it's gained 14. Tencent Music Entertainment Group on Tuesday filed with U. 2 billion on Monday after global stock markets were boosted by a truce brokered by U. The stock has shown a quarterly performance of -15. Tencent Music's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy. Tencent Music Entertainment Stock Rose in June. Business Description Tencent Music Entertainment Group engages in the provision of online music entertainment services. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China. TME is majority owned by Chinese media/entertainment giant Tencent Holdings, and trades on the New York Stock Exchange. TME, Tencent Music EntGrp ADS - Stock quote performance, technical chart analysis, SmartSelect Ratings, Group Leaders and the latest company headlines. The next, it drops 10%. The listing raised about $1. Chinese music streaming giant Tencent Music Entertainment yesterday launched its initial public offering (IPO) on the New York Stock Exchange (NYSE). 305, the range by which the price of stock traded the whole day. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers. 10, 2019 TuneCore, the global platform for independent musicians to build audiences and careers, today announced a partnership with Tencent Music Entertainment Group, the leading online music entertainment platform, that makes artists' recordings available to its massive listener base in China. FILE PHOTO: REUTERS/Aly Song/File Photo. Looking at the Tencent Music Entertainment Group stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Tencent Holdings Limited, an investment holding company, provides Internet value-added services, mobile and telecommunications value-added services, and online advertising services in the People's Republic of China. Markets as the company shares are 2. TENCENT MUSIC ENTERTAINMENT GROUP operates online music entertainment platform and music applications in China. For one thing, Tencent already owns nine percent of Spotify (while Spotify owns nine percent of Tencent Music Entertainment), thanks to a “stock swap”, scored in 2017. 11% while it has a distance of -15. This is due to a combination of factors, including a Cash to Debt ratio of 142. 91, in the end touching the price of $14. 94% in today's trading session, a rise equivalent to 0. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment employees pose with the QQ Music mascot in front of the New York Stock Exchange prior to the Chinese company’s IPO on Dec. Chinese media giant Tencent has confirmed that Tencent Music Entertainment (TME) is set to be spun-off via a public listing in the United States. 1 billion from its initial public offering by. Tencent Music Entertainment Group ADR company facts, information and stock details by MarketWatch. Start a 14-day free trial to Morningstar Premium to unlock our take on TME. TENCENT MUSIC ENTERTAINMENT GROUP operates online music entertainment platform and music applications in China. Tencent Music Entertainment Group's live stock price information including price history and fundamental data. Tencent was founded in November of 1998. Tencent Music Entertainment Group's fourth-quarter results met Wall Street estimates on the bottom line but fell short on revenue. 97 and low - $11. 3% on Wednesday. 0% in market value last month. 2% for the current month. Mascots of Tencent Music Entertainment celebrate the company's IPO outside the New York Stock Exchange in New York, Dec. Tencent Music Entertainment (NYSE: TME) investors have had a rocky road this year. The HKEX has confirmed that Tencent can proceed with the proposed spin-off. The streaming platform added 2. For one thing, Tencent already owns nine percent of Spotify (while Spotify owns nine percent of Tencent Music Entertainment), thanks to a "stock swap", scored in 2017. 10 and gave the stock a "buy" rating in a report on Tuesday, March 5th. com use cookies on this site. market closes on Monday, August 12, 2019. Based on an initial share price of $13. 84 and a Debt to EBITDA of 0. Data delayed 15 minutes. 61 and later approached $14. Profile Summary. Currency in USD Australian finance news, stock quotes, currency information. 39 points (-2. Tencent Music Entertainment. 2% in the 2nd quarter, according to the company in its most recent filing with the SEC. In a regulatory filing today, the company. By Julia Fioretti and Julie Zhu. Tencent Music Entertainment Group (TME) Stock Chart - Get stock charts for Tencent Music Entertainment Groupat NASDAQ. A solid first-quarter report failed to support the stock. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. Tencent is a majority shareholder in TME and told its. As a team of certified and e. TENCENT - $500 BILLION STOCK TO WATCH - Duration: 8:39. Tencent Music Entertainment Group [NYSE: TME] stock went up by 3. Get breaking news and analysis on Tencent Music Entertainment Group (TME) stock, price quote and chart, trading and investing tools. Shares of Tencent Music Entertainment Group - (NYSE:TME) gapped down before the market opened on Friday. Financial summary and company information for Tencent Music Entertainment Group - ADR TME Accurately predicting which stock sectors will lead or lag is difficult for any investor. 4% on July 1, which took the returns to 17. We will alert you to important technical developments on your portfolio & watchlist. 1 billion initial public offering. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating on the company. 21 on Monday, hitting $17. TME, like most of the companies owned by company Tencent Holdings, consists of an ecosystem of related products with numerous methods of monetization. The streaming platform added 2. Local media reports suggest that Tencent Music Entertainment (TME) may file for its IPO in the US as early as this Friday. Analyst recommendation for this stock stands at 2. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. 3% on Wednesday. market closes on Monday, August 12, 2019. The stock has shown a quarterly performance of -15. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China. Profitability: Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs. Based on an initial share price of $13. 97, which is 48. Tencent Music Entertainment Group (NYSE:TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Trading Signals for Tencent Music Entertainment Group ADR with Buy, Sell, Hold recommendations, technical analysis, and trading strategy. The stock kicked off the session at $14. The next, it drops 10%. The company Tencent Music Entertainment Group exchanged hands with 2347322 shares contrast to its average daily volume of 4. In the last quarter, just 28% of revenue came from streaming music and album sales. 63/share level. Its platform comprises of online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data. A Look At Tencent Music Entertainment Group (NYSE:TME) With the previous 100-day trading volume average of 5. The music unit of tech giant Tencent Holdings opened at $14. QQ Music is a. DOW JONES, A NEWS CORP COMPANY. View Tencent Music Entertainment Group Sponsored ADR TME investment & stock information. Let us help you stay on top of your investments. 1 mark, then the market for Tencent Music Entertainment Group becomes much weaker. Tencent Music’s initial public offering will test out global I. Profile Summary. Tencent Music Entertainment, the music distribution arm of Chinese social media and games giant Tencent, aims to list its shares on a North American stock market. It would also tighten Tencent's dominance of the music industry in China, where consumers have quickly adopted streaming platforms and shown increasing willingness to pay for music. The adjusted earnings of Tencent Music Entertainment Group (TME) came in line with analysts' estimates in the fourth quarter. Technical chart claims that Tencent Music Entertainment Group (TME) would settle between $13. 1 billion initial public offering. 2% from the May 30th total of 43,294,500 shares. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers. DEADLINE REMINDER: The Law Offices of Howard G. Its stock price is up 26. In a regulatory filing today, the company. HONG KONG/NEW YORK (Reuters) - Tencent Music Entertainment launched its hotly-anticipated U. Where are Tencent Music Entertainment Group's (NYSE:TME) earnings headed? View TME's earnings history, next earnings date and consensus earnings estimates from top-rated Wall Street analysts at MarketBeat. 69, in the end touching the price of $13. View a financial market summary for TME including stock price quote, trading volume, volatility, options volume, statistics, and other important company data related to TME (Tencent Music Entertainment Group American Depositary Shares Each Representing Two Class A) stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Tencent Music Entertainment: Overly Optimistic Expectations = Growth Disappointment - Tencent Music Entertainment Group (NYSE:TME) | Seeking Alpha. Tencent Music Entertainment runs three major music services, Q Music, KuGou and Kuwo, and is credited with helping to unlock China's potential in streaming, as well as chip away at the market's. With electrifying appearances from Tencent founder and CEO Pony Ma, senior executives, celebrities and employees, as well as opportunities to win excellent prizes, it will make you proud to be a Tencent employee. Tencent Music Entertainment Group engages in the provision of online music entertainment services. The chart is intuitive yet powerful, offering users multiple chart types including candlesticks. Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. 64 million shares, as the stock started the trading session at the value of $13. TME: Get the latest Tencent Music Entertainment Group (A) American Depositary Share Repr 2 stock price and detailed information including TME news, historical charts and realtime prices. com reports. View Tencent Music Entertainment Group Sponsored ADR TME investment & stock information. Stock Market Industries. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. With electrifying appearances from Tencent founder and CEO Pony Ma, senior executives, celebrities and employees, as well as opportunities to win excellent prizes, it will make you proud to be a Tencent employee. 2 billion on Monday after global stock markets were boosted by a truce brokered by U. 09 after jumping by 1. Tencent Music Entertainment Group’s Debt And Its 9. 42 while a Beta factor of the stock stands at 0. Explore commentary on Tencent Music Entertainment Group and hear. TENCENT - $500 BILLION STOCK TO WATCH - Duration: 8:39. The Tencent Party that happens every December is one of the most anticipated events of the year. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. 1bn (£870m), based on an. Less than six weeks after Tencent’s belated flotation on the New York Stock Exchange, JPMorgan has endorsed the Chinese streaming giant by upgrading its stock from “hold” to “buy. 72B shares of Tencent Music Entertainment Group outstanding. Its valuation has soared on private tech markets lately. Tencent Music Entertainment Group (NYSE:TME) is among the top stocks that may remain in focus today as the company shares are trading 3. We will alert you to important technical developments on your portfolio & watchlist. Company information for Tencent Music Entertainment ADS EACH REPR 2 A ORD SHS share priceincluding general stock details, key personnel and important dates for your diary. Tao Sang Tong, center, Chairman of Tencent Music Entertainment, joins with members of the company for a photo in front of the New York Stock Exchange prior to the Chinese company's IPO, Wednesday. Profitability: Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs. Stock analysis for Tencent Music Entertainment Group (TME:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. TME stock rating and analysis - Tencent Music Entertainment Group : a summary of key financial strength and profitability metrics. 47 billion and a P/E ratio of 87. Tencent Music Entertainment Group (NYSE:TME) is a stock to watch today. Chinese media giant Tencent has confirmed that Tencent Music Entertainment (TME) is set to be spun-off via a public listing in the United States. The shares of Tencent Music Entertainment Group (NYSE:TME), has jumped by 3. Check out TME's investor sentiment based on 33,524 active investor portfolios. 39 points higher from last closing price of $12. 0% in market value last month. Since October 2008, he has led the research and development of Tencent's social networking platform and value-added services. Target Price TME: Target Price informs the investors, a stock survey at which a trader is willing to buy or sell a stock. NYSE - NYSE Delayed price. 3% from the stock's current price. Looking at the Tencent Music Entertainment Group stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. Growth: Growth measures the growth of both a company's revenue and net income. 1bn (£870m), based on an. Intraday Trading of the Tencent Music Entertainment Group:Tencent Music Entertainment Group, a China based Company, belongs to Technology sector and Internet Information Providers industry. We cover the latest Tencent Music Entertainment Group headlines and breaking news impacting Tencent Music Entertainment Group stock. Profitability Ratios:. 9 percent, while the half-yearly performance is -27. Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. 0% in market value last month. In fact, it's gained 14. 97 and low - $11. Tencent Music Entertainment Group (NYSE:TME) is one of the hottest stocks trading today on the U. 35 and low was $13. NEW YORK, October 9, 2019 - Bragar Eagel & Squire, P. Business Description Tencent Music Entertainment Group engages in the provision of online music entertainment services. 10, 2019 TuneCore, the global platform for independent musicians to build audiences and careers, today announced a partnership with Tencent Music Entertainment Group, the leading online music entertainment platform, that makes artists' recordings available to its massive listener base in China. 1 billion in its U. Tencent Music. On Thursday the Tencent Music Entertainment Group, NYSE: TME) belongs to the sector of Technology of the China. Stock Analysis News Price vs Fair Value The Schall Law Firm Announces it is Investigating Claims Against Tencent Music Entertainment Group and Encourages Investors with Losses in Excess of. Tencent Music Entertainment Group (NYSE:TME) recorded a trading volume of 4479501 shares, below its 5-day volume average of 4895260 shares. 1 billion in stock to the markets back in December upon making its debut on the New York Stock ExchangeThe offering received plenty of headlines. 0% in market value last month. Bragar Eagel & Squire, P. announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of all investors that purchased Tencent Music Entertainment Group (NYSE: TME) securities between December 12, 2018 and August 26, 2019 (the "Class Period"). 4% below the current share price. It would also tighten Tencent's dominance of the music industry in China, where consumers have quickly adopted streaming platforms and shown increasing willingness to pay for music. Tencent shares gained over 13. Tencent Music Entertainment launched its hotly anticipated US initial public offering of up to $1. 84 and a Debt to EBITDA of 0. Get Tencent Music Entertainment Group's stock price today. 00, but opened at $14. Tencent Music Entertainment was inaugurated on June 6th, 2012, as a consequence of Tencent purchasing the China Music Corporation in order to strengthen its music services. Tencent Music Entertainment Group is based in Shenzhen, China. 3,052,454 shares of the company’s stock traded hands, compared to its average volume of 5,546,723. Dive deeper with interactive charts and top stories of TENCENT MUSIC ENTERTAINMENT GROUP. This looks a little like. Reporting its financial results in renminbi (Chinese yuan), Tencent Music said it earned 0. For one thing, Tencent already owns nine percent of Spotify (while Spotify owns nine percent of Tencent Music Entertainment), thanks to a "stock swap", scored in 2017. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. In the last quarter, just 28% of revenue came from streaming music and album sales. Tencent Music Entertainment, the music distribution arm of Chinese social media and games giant Tencent, aims to list its shares on a North American stock market. QQ Music is a. The firm owned 10,946,629 shares of the company’s stock after acquiring an additional 1,440,595 shares during the quarter. 4% below the current share price. Photo: VCG Tencent Music Entertainment Group is under investigation by China’s antitrust authority in a review that could end exclusive licensing deals it forged with the world’s biggest record labels, people. Where are Tencent Music Entertainment Group's (NYSE:TME) earnings headed? View TME's earnings history, next earnings date and consensus earnings estimates from top-rated Wall Street analysts at MarketBeat. Tencent Music Entertainment Group (NYSE:TME) recorded a trading volume of 4479501 shares, below its 5-day volume average of 4895260 shares. One day the stock pops 10%. One of China's top tech companies plans to list its online music business in the United States. ; 90 day high was $16. NYSE - NYSE Delayed price. Tencent Music Entertainment Stock Rose in June. Tencent Music Entertainment (TME) is the largest online music entertainment platform in China, operating the top four music mobile apps in terms of mobile MAUs. Let us help you stay on top of your investments. SAN DIEGO & SHENZHEN, China--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP reminds investors that a purchaser of Tencent Music Entertainment Group (NYSE: TME) filed a class. 771 million shares. Based on an initial share price of $13. Since October 2008, he has led the research and development of Tencent’s social networking platform and value-added services. raised its holdings in Tencent Music Entertainment Group – (NYSE:TME) by 15. Intraday Trading of the Tencent Music Entertainment Group:Tencent Music Entertainment Group, a China based Company, belongs to Technology sector and Internet Information Providers industry. Shares of Tencent Music Entertainment Group stock traded up $0. TME stock has risen 7. 3% on Wednesday. The stock rose 3. com reports. Data delayed 15 minutes. Create and manipulate a TENCENT MUSIC ENTERTAINMENT (NYQ:TME) stock price chart, with moving average, RSI & MACD overlays. market closes on Monday, August 12, 2019. Technical Analysis of Tencent Music Entertainment Group: ATR stands at 0. Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. Tencent Music Entertainment Group delivers strong growth results both in paying users as well as revenues. The IPO comes as trade-related tensions between the U. 3,052,454 shares of the company’s stock traded hands, compared to its average volume of 5,546,723. View the latest TME stock quote and chart on MSN Money. Dowson Tong serves as Senior Executive Vice President of Tencent, President of Cloud & Smart Industries Group and Chairman of Tencent Music Entertainment Group. According to Zacks Investment Research, "Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. Tencent Music. Tencent Music Entertainment Group (NYSE:TME) has seen a decrease in activity from the world’s largest hedge funds in recent months. The price target set for the stock is $16. Profitability: Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs. Yet, the stock price is only down 3. Intraday Trading of the Tencent Music Entertainment Group:Tencent Music Entertainment Group, a China based Company, belongs to Technology sector and Internet Information Providers industry. Shares in Tencent Music Entertainment Group, China's music streaming giant, jumped almost 10% on their first day of public trade in New York. 38 million in sales for the current fiscal quarter, according to Zacks. 4% since the start of April 2019. Tencent Music Entertainment Group priced its IPO at the low end of expectations, capping a rocky process of going public but still marking one of the biggest U. Tencent Music Entertainment Group is a company that develops music streaming services for the Chinese market. 9 percent, while the half-yearly performance is -27. Tencent Music Entertainment employees pose with the QQ Music mascot for a photo in front of the New York Stock Exchange prior to the Chinese company's IPO, Wednesday, Dec. Mascots of Tencent Music Entertainment celebrate the company's IPO outside the New York Stock Exchange in New York, Dec. View the latest TME stock quote and chart on MSN Money. On October 1st, both Warner Music and Sony Entertainment went through a $200 million transaction to acquire 68 million total shares in Tencent Music Entertainment. Profitability Ratios:. The trading community appear to be heavily interested in Tencent Music Entertainment Group (TME).