Consensus Tencent Music Entertainment Group

Equities

TME

US88034P1093

Market Closed - Nyse Other stock markets 04:00:02 2024-04-18 pm EDT			5-day change	1st Jan Change
11.58 ^USD	+2.75%		-2.69%	+28.52%

Apr. 05	Asian Equities Traded in the US as American Depositary Receipts Nudge Higher in Friday Trading, End Week Lower	MT
Mar. 22	Sector Update: Tech Stocks Mixed Pre-Bell Friday	MT

Evolution of the average Target Price on Tencent Music Entertainment Group

Price target over the last 5 years

History of analyst recommendation changes

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Analyst Recommendations on Tencent Music Entertainment Group

Sector Update: Tech	Mar. 22	MT
Tencent Music Entertainment's Shares Rise Following Upgrades From Citigroup, Goldman	Mar. 20	MT
New Street Raises Tencent Music Entertainment Price Target to $13 From $9, Maintains Buy Rating	Mar. 20	MT
Morgan Stanley Adjusts Price Target on Tencent Music Entertainment to $13.50 From $11, Keeps Overweight Rating	Mar. 20	MT
Goldman Sachs Upgrades Tencent Music Entertainment to Buy From Neutral, Raises Price Target to $14 From $11.20	Mar. 20	MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $10.40 From $9.50, Maintains Hold Rating	Mar. 20	MT
Mizuho Adjusts Price Target on Tencent Music Entertainment to $13 From $12, Maintains Buy Rating	Mar. 20	MT
Benchmark Adjusts Tencent Music Entertainment Group's Price Target to $14 From $9, Maintains Buy Rating	Mar. 20	MT
Citigroup Upgrades Tencent Music Entertainment Group to Buy From Neutral, Adjusts Price Target to $13 From $9	Mar. 20	MT
Redburn Atlantic Starts Tencent Music Entertainment with Buy Rating, $12 Price Target	Feb. 05	MT
UBS Upgrades Tencent Music Entertainment to Buy From Neutral	Jan. 24	MT
Goldman Sachs Adjusts Tencent Music Entertainment Group's Price Target to $11.20 From $8.60, Keeps Neutral Rating	Jan. 17	MT
Mizuho Adjusts Tencent Music Entertainment Group's Price Target to $11 From $10, Keeps Buy Rating	Jan. 17	MT
JPMorgan Upgrades Tencent Music Entertainment to Overweight From Neutral, Adjusts Price Target to $10 From $7	Nov. 16	MT
BofA Securities Trims Price Target on Tencent Music Entertainment to $8.80 From $10, Maintains Buy Rating	23-08-16	MT
Citigroup Trims Price Target on Tencent Music Entertainment to $7 From $7.50, Maintains Neutral Rating	23-08-16	MT
Citigroup Downgrades Tencent Music Entertainment Group to Neutral From Buy, Adjusts Price Target to $7.50 From $9.70	23-07-31	MT
JPMorgan Downgrades Tencent Music Entertainment to Neutral From Overweight, Adjusts Price Target to $7 From $11.60	23-07-26	MT
HSBC Trims Price Target on Tencent Music Entertainment Group to $7.40 From $8.40, Maintains Hold Rating	23-07-20	MT
Mizuho Securities Adjusts Tencent Music Entertainment Price Target to $11 From $10, Maintains Buy Rating	23-05-17	MT
China Renaissance Upgrades Tencent Music Entertainment Group to Buy From Hold, Price Target is $10.60	23-05-17	MT
Macquarie Upgrades Tencent Music Entertainment Group to Neutral From Underperform, Adjusts Price Target to $7.40 From $5.10	23-05-17	MT
Citigroup Upgrades Tencent Music Entertainment Group to Buy From Neutral, Price Target is $9.70	23-05-17	MT
HSBC Adjusts Price Target on Tencent Music Entertainment Group to $8.40 From $7.70, Maintains Hold Rating	23-05-17	MT
Mizuho Securities Starts Tencent Music Entertainment Group at Buy With $10 Price Target	23-04-24	MT

More recommendations

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

83.82 CNY

Average target price

93.28 CNY

Spread / Average Target

+11.29%

High Price Target

128.6 CNY

Spread / Highest target

+53.47%

Low Price Target

64.61 CNY

Spread / Lowest Target

-22.92%

Consensus detail

Consensus revision (last 18 months)

Analysts covering Tencent Music Entertainment Group

New Street
Morgan Stanley
Goldman Sachs
HSBC
Mizuho Securities
Benchmark Company
Citigroup
Redburn
UBS
JPMorgan Chase
BofA Securities
Macquarie
China Renaissance
Jefferies & Co.
Morningstar
Benchmark Capital
BOCOM International
Loop Capital
Needham & Co.
Deutsche Bank Securities
Arete
Oppenheimer
Stifel Nicolaus

Ratings for Tencent Music Entertainment Group

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar