While Tencent Music Entertainment Group ADR has underperformed by -0.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TME rose by 21.98%, with highs and lows ranging from $15.77 to $8.19, whereas the simple moving average fell by -13.04% in the last 200 days.
On November 06, 2024, Barclays started tracking Tencent Music Entertainment Group ADR (NYSE: TME) recommending Overweight. A report published by Bernstein on November 04, 2024, Initiated its previous ‘Outperform’ rating for TME. Morgan Stanley also Downgraded TME shares as ‘Equal-Weight’, setting a target price of $13 on the company’s shares in a report dated September 25, 2024. Goldman March 20, 2024d its ‘Neutral’ rating to ‘Buy’ for TME, as published in its report on March 20, 2024. Citigroup’s report from March 20, 2024 suggests a price prediction of $13 for TME shares, giving the stock a ‘Buy’ rating. Redburn Atlantic also rated the stock as ‘Buy’.
Analysis of Tencent Music Entertainment Group ADR (TME)
It’s important to note that TME shareholders are currently getting $0.14 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 7.97%, showing a positive trend in the upcoming months.
Tencent Music Entertainment Group ADR’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 10.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.26, 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 be an extremely valuable indicator of volatility, and TME is registering an average volume of 6.75M. On a monthly basis, the volatility of the stock is set at 3.54%, whereas on a weekly basis, it is put at 3.29%, with a loss of -4.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.18, showing growth from the present price of $10.82, 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?
A giant in the Internet Content & Information market, Tencent Music Entertainment Group ADR (TME) is 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 20.28, there is a growth in quarterly earnings of 38.68%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 0.86%. 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 68.73% 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 68.73% at present.
