Consensus Tencent Music Entertainment Group

Equities

TME

US88034P1093

Market Closed - Nyse Other stock markets 04:00:02 2024-05-31 pm EDT			5-day change	1st Jan Change
14.45 ^USD	-3.88%		-2.36%	+60.38%

May. 14	Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating	MT
May. 14	Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating	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

Citigroup Adjusts Price Target on Tencent Music Entertainment to $18 From $13, Keeps Buy Rating	May. 14	MT
Daiwa Securities Raises Price Target on Tencent Music Entertainment to $15.30 From $12.50, Maintains Buy Rating	May. 14	MT
HSBC Adjusts Price Target on Tencent Music Entertainment to $15.50 From $10.40, Keeps Hold Rating	May. 14	MT
Jefferies Adjusts Price Target on Tencent Music Entertainment to $15.40 From $12, Maintains Buy Rating	May. 14	MT
Goldman Sachs Adjusts Price Target on Tencent Music Entertainment to $16 From $14, Keeps Buy Rating	May. 14	MT
Benchmark Adjusts Price Target on Tencent Music Entertainment to $19 From $14, Keeps Buy Rating	May. 14	MT
Mizuho Securities Raises Price Target on Tencent Music Entertainment to $17 From $15, Keeps Buy Rating	May. 14	MT
Morgan Stanley Raises Price Target on Tencent Music Entertainment Group to $19 From $13.50, Keeps Overweight Rating	May. 13	MT
Mizuho Securities Raises Tencent Music Entertainment's Price Target to $15 From $13, Keeps Buy Rating	May. 10	MT
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

More recommendations

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

104.6 CNY

Average target price

118.1 CNY

Spread / Average Target

+12.82%

High Price Target

137.4 CNY

Spread / Highest target

+31.31%

Low Price Target

64.61 CNY

Spread / Lowest Target

-38.26%

Consensus detail

Consensus revision (last 18 months)

Analysts covering Tencent Music Entertainment Group

Citigroup
Daiwa Securities
HSBC
Jefferies & Co.
Goldman Sachs
Benchmark Company
Mizuho Securities
Morgan Stanley
New Street
Redburn
UBS
JPMorgan Chase
BofA Securities
Macquarie
China Renaissance
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