While Tencent Music Entertainment Group ADR has underperformed by -0.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TME rose by 74.89%, with highs and lows ranging from $15.77 to $6.55, whereas the simple moving average fell by -1.54% in the last 200 days.
On September 25, 2024, Morgan Stanley Downgraded Tencent Music Entertainment Group ADR (NYSE: TME) to Equal-Weight. A report published by Daiwa Securities on August 13, 2024, Downgraded its rating to ‘Neutral’ for TME. Goldman also Upgraded TME shares as ‘Buy’, setting a target price of $14 on the company’s shares in a report dated March 20, 2024. Citigroup March 20, 2024d the rating to Buy on March 20, 2024, and set its price target from $9 to $13. Redburn Atlantic initiated its ‘Buy’ rating for TME, as published in its report on February 05, 2024. CLSA’s report from February 05, 2024 suggests a price prediction of $10.50 for TME shares, giving the stock a ‘Outperform’ rating. UBS also rated the stock as ‘Buy’.
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Analysis of Tencent Music Entertainment Group ADR (TME)
Investors in Tencent Music Entertainment Group ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.14 per share. Further, the quarter-over-quarter decrease in sales is -4.74%, showing a negative trend in the upcoming months.
One of the most important indicators of Tencent Music Entertainment Group ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 9.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.34, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TME is recording 10.20M average volume. On a monthly basis, the volatility of the stock is set at 5.40%, whereas on a weekly basis, it is put at 2.92%, with a loss of -7.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.56, showing growth from the present price of $11.77, which can serve as yet another indication of whether TME is worth investing in or should be passed over.
How Do You Analyze Tencent Music Entertainment Group ADR Shares?
The Internet Content & Information market is dominated by Tencent Music Entertainment Group ADR (TME) based in the China. When comparing Tencent Music Entertainment Group ADR shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.82, there is a growth in quarterly earnings of 26.82%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.57% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TME shares are owned by institutional investors to the tune of 64.57% at present.
