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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 15.9% 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 $17.35. The Score for TME is 47, which is 6% 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 15.9% based on the past 7 years of stock performance.

Tencent Music Entertainment Group Stock Rating

Sell
47
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 below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and TME is experiencing slight selling pressure.

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:
26.7B
Price in USD:
17.35
Volume:
3.4M
Beta:
0.78

Technical Analysis

SMA50:
18.91
SMA100:
21.49
SMA200:
19.60
52-Wk Change:
58.88%

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 17.35 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-19 18.09 17.79 18.12 17.74
Dec-22 18.00 17.74 18.04 17.60
Dec-23 17.82 17.58 17.86 17.48
Dec-24 17.65 17.62 17.74 17.50
Dec-26 17.64 17.62 17.67 17.45
Dec-29 17.60 17.67 17.77 17.50
Dec-30 17.74 17.66 17.94 17.57
Dec-31 17.70 17.53 17.75 17.52
Jan-2 18.01 17.86 18.39 17.82
Jan-5 18.11 18.48 18.73 17.92
Jan-6 18.50 17.61 18.70 17.54
Jan-7 17.38 16.60 17.43 16.60
Jan-8 16.96 17.49 17.54 16.82
Jan-9 17.62 17.35 17.72 17.17

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 $0.11 per share, and an increase next year of $0.16 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.