Tencent (TME) Loses 8% on Lower PT [Yahoo! Finance]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Yahoo! Finance
Tencent Music fell by 8.39 percent on Wednesday to close at $19.01 apiece as investors took path from an investment firm's lower price target for its stock. In a market note, Macquarie reduced its price target for Tencent Music Entertainment Group (NYSE:TME) to $28.30 from $29.80 previously, but maintained its “outperform” rating on the stock. Still, the figure marks a 49 percent upside from its latest closing price. The revision followed the Tencent Music Entertainment Group's (NYSE:TME) earnings performance in the third quarter of the year, with net income attributable to shareholders jumping 32 percent to 2.4 billion yuan from 1.814 billion yuan in the same period last year. Revenues increased by 20.6 percent to 8.463 billion yuan from 7.015 billion yuan year-on-year, primarily due to a strong 27 percent growth in revenues from online music services in the same period. “In the third quarter, we delivered another set of solid results, underpinned by the well-rounded perform
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News
- Tencent Music Entertainment Group (TME): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (NYSE:TME) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- How Investors Are Reacting To Tencent Music (TME) Surging Online Revenue and Analyst Upgrades [Yahoo! Finance]Yahoo! Finance
- How Recent Developments Are Shaping the Story for Tencent Music Entertainment Group's Valuation [Yahoo! Finance]Yahoo! Finance
- Tencent Music (NYSE:TME): Assessing Valuation After Recent Share Price Volatility [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/25 - Beat
TME
Sec Filings
- 11/12/25 - Form 6-K
- 10/14/25 - Form 6-K
- 9/23/25 - Form 6-K
- TME's page on the SEC website