Tencent Music Entertainment Group (NYSE:TME) Hits New 1-Year Low – Here’s Why

Posted by Francis Steltz on Sep 19th, 2026

Tencent Music Entertainment Group Sponsored ADR (NYSE:TME – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.77 and last traded at $7.7850, with a volume of 3721045 shares. The stock had previously closed at $7.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TME shares. Weiss Ratings upgraded shares of Tencent Music Entertainment Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Mizuho cut their target price on shares of Tencent Music Entertainment Group from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. China Renaissance lowered shares of Tencent Music Entertainment Group from a “buy” rating to a “hold” rating and set a $9.30 price objective on the stock. in a report on Wednesday, August 12th. UBS Group set a $15.00 target price on Tencent Music Entertainment Group in a research note on Wednesday, August 12th. Finally, Nomura set a $10.00 price target on shares of Tencent Music Entertainment Group and gave the company a “neutral” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.21.

Get Our Latest Report on TME

Tencent Music Entertainment Group Price Performance

The company’s fifty day moving average price is $8.76 and its two-hundred day moving average price is $9.41. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.36 and a beta of 0.85.

Tencent Music Entertainment Group (NYSE:TME – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.25 EPS for the quarter. The business had revenue of $1.31 billion for the quarter. Tencent Music Entertainment Group had a net margin of 26.27% and a return on equity of 11.53%. On average, equities research analysts forecast that Tencent Music Entertainment Group Sponsored ADR will post 0.87 EPS for the current fiscal year.

Institutional Trading of Tencent Music Entertainment Group

A number of institutional investors have recently modified their holdings of the company. Avise Financial Cooperative Inc. bought a new position in shares of Tencent Music Entertainment Group during the second quarter worth about $101,000. NewEdge Wealth LLC acquired a new position in Tencent Music Entertainment Group during the 1st quarter worth approximately $106,000. Summit Securities Group LLC bought a new position in shares of Tencent Music Entertainment Group during the 1st quarter worth approximately $110,000. Hantz Financial Services Inc. raised its holdings in shares of Tencent Music Entertainment Group by 99.6% in the fourth quarter. Hantz Financial Services Inc. now owns 8,159 shares of the company’s stock valued at $143,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Tencent Music Entertainment Group in the second quarter valued at approximately $159,000. 24.32% of the stock is currently owned by institutional investors.

About Tencent Music Entertainment Group

(Get Free Report)

Tencent Music Entertainment Group is a China-based online music and audio entertainment company. It operates digital music platforms including QQ Music, Kugou Music and Kuwo Music, which provide users with licensed songs, albums, music videos, playlists, podcasts and other audio content. The company also operates WeSing, a social karaoke service that allows users to sing, record and share performances.

The company generates revenue through music subscriptions, digital advertising, content sales, and social entertainment services such as virtual gifts, live streaming and karaoke-related offerings.