In yesterday’s Wall Street session, Tencent Music Entertainment Group ADR (NYSE:TME) shares traded at $11.07, up 2.41% from the previous session.
TME stock price is now -3.34% away from the 50-day moving average and -9.15% away from the 200-day moving average. The market capitalization of the company currently stands at $7.75B.
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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 $7.83 and a high of $15.77. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 2.26, and a quick ratio of 2.26. According to the stock market information, the enterprise value for the company is $11237767168, which is based on a 20.75 price-to-earnings ratio, a 1.06 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for TME is $11.4522 and a two-hundred day moving average price translates $12.1847 for the stock.
The latest earnings results from Tencent Music Entertainment Group ADR (NYSE: TME) was released for 2024-09-30. The net profit margin was 21.53% and return on equity was 10.12% 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.
