Stocks of Tencent Music Entertainment Group ADR (NYSE:TME) traded higher last session on Wall Street, down -0.94% to $11.62.
TME stock price is now 2.50% away from the 50-day moving average and -4.06% away from the 200-day moving average. The market capitalization of the company currently stands at $8.13B.
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With the price target of $16, Barclays recently initiated with Overweight rating for Tencent Music Entertainment Group ADR (NYSE: TME). On November 04, 2024, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $14, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
A total of 1.52% of the company’s stock is owned by insiders.
During the past 12 months, Tencent Music Entertainment Group ADR has had a low of $6.76 and a high of $15.77. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.34, and a quick ratio of 2.34. According to the stock market information, the enterprise value for the company is $19030013952, which is based on a 23.51 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for TME is $11.3186 and a two-hundred day moving average price translates $12.0969 for the stock.
The latest earnings results from Tencent Music Entertainment Group ADR (NYSE: TME) was released for 2024-06-30. The net profit margin was 20.37% and return on equity was 9.77% for TME. The company reported revenue of $985.0 million for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.99 percent.
