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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 15.8% based on the past 6 years of stock performance.
  • Tencent Music Entertainment Group has risen higher in 4 of those 6 years over the subsequent 52-week period, corresponding to a historical accuracy of 66.67%
  • Is Tencent Music Entertainment Group Stock Undervalued?
    The current Tencent Music Entertainment Group [TME] share price is $18.31. 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 15.8% based on the past 6 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 4 of those 6 years over the subsequent 52-week period, corresponding to a historical accuracy of 66.67%

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 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:
28.2B
Price in USD:
18.31
Volume:
3.5M
Beta:
0.78

Technical Analysis

SMA50:
21.50
SMA100:
22.61
SMA200:
19.02
52-Wk Change:
48.86%

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 18.31 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
Nov-13 19.15 18.68 19.22 18.60
Nov-14 18.61 18.93 19.07 18.57
Nov-17 19.00 18.90 19.45 18.81
Nov-18 18.50 18.70 18.79 18.13
Nov-19 18.72 18.73 18.85 18.54
Nov-20 18.70 17.68 18.97 17.60
Nov-21 17.63 18.15 18.37 17.63
Nov-24 18.38 18.45 18.55 18.25
Nov-25 18.82 18.42 18.88 18.26
Nov-26 18.35 17.99 18.36 17.98
Nov-28 18.16 18.45 18.59 18.07
Dec-1 18.45 18.44 18.60 18.25
Dec-2 18.41 18.48 18.48 18.14
Dec-3 18.26 18.31 18.55 18.26

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 $0.23 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.