Brokerages Set Tencent Music Entertainment Group Sponsored ADR (NYSE:TME) Target Price at $21.44

Posted by on May 27th, 2026

Shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Get Free Report) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.4417.

Several research firms recently weighed in on TME. JPMorgan Chase & Co. reduced their target price on shares of Tencent Music Entertainment Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Zacks Research upgraded shares of Tencent Music Entertainment Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $23.00 target price on shares of Tencent Music Entertainment Group in a research note on Tuesday, March 17th. Barclays reduced their target price on shares of Tencent Music Entertainment Group from $28.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, UBS Group reissued a “neutral” rating and issued a $13.00 price target (down from $26.00) on shares of Tencent Music Entertainment Group in a research report on Wednesday, March 18th.

Get Our Latest Stock Analysis on Tencent Music Entertainment Group

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its position in Tencent Music Entertainment Group by 7.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,706,740 shares of the company’s stock worth $100,039,000 after purchasing an additional 387,109 shares in the last quarter. SG Americas Securities LLC raised its position in Tencent Music Entertainment Group by 85.7% in the fourth quarter. SG Americas Securities LLC now owns 542,198 shares of the company’s stock worth $9,505,000 after purchasing an additional 250,261 shares in the last quarter. Green Court Capital Management Ltd raised its position in Tencent Music Entertainment Group by 93.1% in the third quarter. Green Court Capital Management Ltd now owns 1,039,078 shares of the company’s stock worth $24,252,000 after purchasing an additional 501,078 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tencent Music Entertainment Group by 414.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,130,608 shares of the company’s stock worth $19,820,000 after purchasing an additional 910,767 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Tencent Music Entertainment Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 21,455,738 shares of the company’s stock worth $376,119,000 after purchasing an additional 293,385 shares in the last quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

Tencent Music Entertainment Group Stock Up 4.8%

NYSE TME opened at $9.23 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.08 and a current ratio of 2.09. The firm has a 50-day simple moving average of $9.53 and a 200 day simple moving average of $14.40. Tencent Music Entertainment Group has a twelve month low of $8.44 and a twelve month high of $26.70. The stock has a market cap of $14.30 billion, a PE ratio of 11.54, a PEG ratio of 0.57 and a beta of 0.81.

Tencent Music Entertainment Group (NYSE:TME – Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.11 earnings per share for the quarter. Tencent Music Entertainment Group had a net margin of 26.45% and a return on equity of 11.20%. The business had revenue of $1.15 billion during the quarter. On average, research analysts forecast that Tencent Music Entertainment Group will post 0.9 EPS for the current year.

Tencent Music Entertainment Group Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd were given a $0.24 dividend. This represents a yield of 262.0%. This is a boost from Tencent Music Entertainment Group’s previous annual dividend of $0.18. The ex-dividend date of this dividend was Thursday, April 2nd. Tencent Music Entertainment Group’s dividend payout ratio (DPR) is currently 28.75%.

About Tencent Music Entertainment Group

(Get Free Report)

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.

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Analyst Recommendations for Tencent Music Entertainment Group (NYSE:TME)

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