Tencent Music Entertainment Group (NYSE:TME) Receives “Equal Weight” Rating from Morgan Stanley
by Tristan Rich · The Markets DailyTencent Music Entertainment Group (NYSE:TME – Get Free Report)‘s stock had its “equal weight” rating restated by equities researchers at Morgan Stanley in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.
A number of other equities analysts also recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $13.00 target price (down from $26.00) on shares of Tencent Music Entertainment Group in a research note on Wednesday. Daiwa Securities Group reaffirmed a “hold” rating and set a $12.00 price objective on shares of Tencent Music Entertainment Group in a report on Wednesday. Barclays decreased their target price on shares of Tencent Music Entertainment Group from $28.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating and issued a $23.00 price target on shares of Tencent Music Entertainment Group in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Tencent Music Entertainment Group has an average rating of “Moderate Buy” and an average target price of $22.03.
Check Out Our Latest Research Report on Tencent Music Entertainment Group
Tencent Music Entertainment Group Stock Down 0.0%
NYSE:TME traded down $0.01 during mid-day trading on Thursday, reaching $10.30. The stock had a trading volume of 17,242,084 shares, compared to its average volume of 8,288,776. Tencent Music Entertainment Group has a twelve month low of $9.86 and a twelve month high of $26.70. The business has a 50 day simple moving average of $15.52 and a 200 day simple moving average of $19.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.09 and a quick ratio of 2.08.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TME. Corient Private Wealth LLC increased its stake in Tencent Music Entertainment Group by 1.6% during the second quarter. Corient Private Wealth LLC now owns 32,213 shares of the company’s stock valued at $628,000 after purchasing an additional 498 shares during the last quarter. Allworth Financial LP lifted its position in shares of Tencent Music Entertainment Group by 63.2% in the 3rd quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after buying an additional 573 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Tencent Music Entertainment Group by 0.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 132,635 shares of the company’s stock valued at $2,325,000 after buying an additional 610 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Tencent Music Entertainment Group by 5.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,553 shares of the company’s stock valued at $264,000 after buying an additional 651 shares during the last quarter. Finally, Vise Technologies Inc. raised its stake in Tencent Music Entertainment Group by 5.0% during the fourth quarter. Vise Technologies Inc. now owns 14,648 shares of the company’s stock worth $257,000 after acquiring an additional 692 shares during the period. Hedge funds and other institutional investors own 24.32% of the company’s stock.
Tencent Music Entertainment Group News Summary
Here are the key news stories impacting Tencent Music Entertainment Group this week:
- Positive Sentiment: Barclays cut its price target to $20 but kept an “overweight” rating, signaling continued conviction in TME’s long-term upside despite a lower target. Benzinga
- Positive Sentiment: Mizuho lowered its target to $23 but maintained an “outperform” call, another sign some analysts view the pullback as a buying opportunity. Benzinga
- Positive Sentiment: TME’s Q4 earnings call highlighted a new licensing deal with Warner, an Ed Sheeran collaboration and growth in AI production users (10M reported) — developments that could support content monetization and product differentiation. Music Business Worldwide
- Positive Sentiment: Pop star Jay Chou launched pre-orders for his new album on TME platforms — a high-profile content release that can drive engagement, subscriptions and paid downloads in Greater China. PR Newswire
- Neutral Sentiment: Options activity is elevated with a notable increase in call buying, which may reflect speculative bets or hedging rather than clear directional conviction. Kalkine Media
- Neutral Sentiment: Some outlets highlight TME’s new dividend policy as a sign of shifting capital allocation — may be interpreted as prudent cash returns or as caution on growth reinvestment. Yahoo Finance
- Neutral Sentiment: Several firms (Daiwa, JPMorgan, Benchmark) reaffirmed hold/neutral ratings with reduced targets, reflecting mixed analyst views and higher uncertainty; these endorsements provide some downside support but limited near-term uplift. Benzinga
- Negative Sentiment: TME’s shares plunged after Q4 results disappointed investors and the company issued weaker guidance; headlines cite AI adoption concerns and slower user metrics as drivers of the selloff. MSN
- Negative Sentiment: Market coverage flagged a guidance miss and AI-related fears as catalysts for a sharp drop in the stock; MarketWatch and other outlets reported the plunge tied to weaker-than-expected forward metrics. MarketWatch
- Negative Sentiment: Analysis suggests a reporting framework shift in TME’s results may be obscuring the revenue beat, raising transparency concerns and undermining investor confidence. Seeking Alpha
- Negative Sentiment: Johnson Fistel launched an investor investigation into potential claims against TME executives, adding litigation risk that can pressure the stock. GlobeNewswire
About Tencent Music Entertainment Group
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.