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Tencent Music Entertainment Group Stock Predictions

Tencent Music Entertainment Group Stock Forecast

  • Over the next 52 weeks, Tencent Music Entertainment Group has on average historically risen by 14.8% based on the past 7 years of stock performance.
  • Tencent Music Entertainment Group has risen higher in 5 of those 7 years over the subsequent 52-week period, corresponding to a historical accuracy of 71.43%
  • Is Tencent Music Entertainment Group Stock Undervalued?
    The current Tencent Music Entertainment Group [TME] share price is $17.79. The Score for TME is 45, which is 10% below its historic median score of 50, and infers higher risk than normal.
  • TME is currently trading in the 40-50% percentile range relative to its historical Stock Score levels.

Will Tencent Music Entertainment Group Stock Go Up Next Year?

  • Over the next 52 weeks, Tencent Music Entertainment Group has on average historically risen by 14.8% based on the past 7 years of stock performance.

Tencent Music Entertainment Group Stock Rating

Sell
45
Tencent Music Entertainment Group (TME) is a Sell

Is Tencent Music Entertainment Group overpriced?

  • Tencent Music Entertainment Group has risen higher in 5 of those 7 years over the subsequent 52-week period, corresponding to a historical accuracy of 71.43%

Tencent Music Entertainment Group Stock Price History

Is TME stock going to rise?

  • Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and TME is experiencing selling pressure, which indicates risk of future bearish movement.

Stock Information

Stock Info

Exchange:
NYSE
Country:
China
Industry:
Entertainment
Sector:
Communication Services
Type:
stock
Website:
tencentmusic.com

52-Week Data

52-Week High:
26.70
52-Week Low:
10.26

Prediction Charts

Market Cap:
27.4B
Price in USD:
17.79
Volume:
13.4M
Beta:
0.78

Technical Analysis

SMA50:
20.26
SMA100:
22.21
SMA200:
19.33
52-Wk Change:
50.89%

Stock Predictions

  • Is Tencent Music Entertainment Group stock public?
    Yes, Tencent Music Entertainment Group is a publicly traded company.
  • What is the Tencent Music Entertainment Group stock quote today?
    The Tencent Music Entertainment Group stock price is 17.79 USD today.
  • How to buy Tencent Music Entertainment Group stock online?
    You can buy Tencent Music Entertainment Group shares by opening an account at a top tier brokerage firm, such as TD Ameritrade or tastyworks.

14-Day Historical Data

Date Opening Closing Minimum Maximum
Dec-2 18.41 18.48 18.48 18.14
Dec-3 18.26 18.31 18.55 18.26
Dec-4 18.46 18.72 18.81 18.39
Dec-5 18.89 18.58 18.92 18.55
Dec-8 18.60 18.59 18.65 18.42
Dec-9 18.41 18.38 18.48 18.02
Dec-10 18.36 18.15 18.39 18.13
Dec-11 17.95 18.20 18.25 17.78
Dec-12 18.48 18.22 18.61 18.16
Dec-15 18.20 17.88 18.26 17.84
Dec-16 17.58 17.77 17.78 17.49
Dec-17 17.92 17.63 18.02 17.62
Dec-18 17.82 17.87 17.97 17.79
Dec-19 18.09 17.79 18.12 17.74

Tencent Music Entertainment Group Earnings

Tencent Music Entertainment Group Earnings Report: Per Share Tencent Music Entertainment Group Earnings Q1 Q2 Q3 and Q4 last year and next year.

Tencent Music Entertainment Group Forecast Revenue Growth

Tencent Music Entertainment Group Stock Analysis: Historical quarterly revenues per share for Tencent Music Entertainment Group and historical quarterly revenue growth:

  • Analysts estimate an earnings increase this quarter of $0.04 per share, a decrease next quarter of $0.00 per share, an increase this year of $0.24 per share, and an increase next year of $0.09 per share.

* Tencent Music Entertainment Group stock forecasts short-term for next days and weeks may differ from long term prediction for next month and year based on timeline differences.