JPMorgan Chase & Co’s ranking on Tencent Music Leisure Group (NYSE:TME) ​​was raised to chubby.


Tencent Music Leisure Group (NYSE: TME – Obtain Ranking) Funding analysts at JPMorgan Chase & Co had been upgraded to an “chubby” ranking from a “impartial” ranking in a report issued on Monday, The Fly studies.

A number of different analysis analysts have additionally weighed on the corporate. Goldman Sachs Group lower its value goal on Tencent Music Leisure Group from $5.40 to $4.40 in a analysis report on Sunday, November 6. Benchmark raised Tencent Music Leisure Group from a “maintain” ranking to a “purchase” ranking and set a $7.00 goal value on the inventory in a report on Wednesday, November 16. One analyst has a Promote ranking on the corporate, one has a Maintain ranking and two have a Purchase ranking on the corporate. Based mostly on knowledge from MarketBeat, the corporate at the moment has a consensus ranking of “Maintain” and a median goal value of $5.53.

Tencent Music Leisure Group inventory down 6.4%

NYSE: TME opened at $5.58 on Monday. The agency has a market capitalization of $9.46 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 0.96 and a beta of 0.63. Tencent Music Leisure Group had a 12-month low of $2.95 and a 12-month excessive of $7.83. The inventory’s 50-day shifting common value is $4.23, and its 200-day shifting common value is $4.39. The corporate has a fast ratio of two.15, present ratio of two.15 and debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Institutional traders have not too long ago modified their positions within the enterprise. The Canada Pension Plan Funding Board raised its stake in Tencent Music Leisure Group by 1.7% within the first quarter. The Canada Pension Plan Funding Board now owns 36,083,557 shares of the corporate’s inventory, valued at $175,727,000, after buying an extra 617,300 shares throughout the interval. BlackRock Inc. raised its stake in Tencent Music Leisure Group to five.1% within the third quarter. After shopping for an extra 1,668,411 shares throughout this era, BlackRock Inc. holds 34,614,084 shares of the corporate’s inventory valued at $140,534,000. Baillie Gifford & Co. raised its stake in Tencent Music Leisure Group by 1.0% within the third quarter. Baillie Gifford & Co. now owns 31,409,903 shares of the corporate’s inventory, valued at $127,524,000, after buying an extra 316,685 shares throughout the interval. Vanguard Group Inc raised its stake in Tencent Music Leisure Group by 1.4% within the third quarter. Vanguard Group Inc. now owns 23,870,539 shares of the corporate’s inventory valued at $96,914,000 after buying an extra 327,765 shares throughout the interval. Lastly, Crane Funds Advisors LLC elevated its stake in Tencent Music Leisure Group to 24.1% within the first quarter. Crane Funds Advisors LLC now holds 18,037,068 shares of the corporate’s inventory valued at $87,841,000 after buying an extra 3,502,185 shares throughout the interval. 22.62% of the inventory is owned by institutional traders and hedge funds.

Tencent Music Leisure Group Firm Profile

(get ranking)

Tencent Music Leisure Group operates a web-based music leisure platform offering music streaming, on-line karaoke and reside streaming providers within the Folks’s Republic of China. It provides QQ Music, Kugou Music and Kuwo Music which allow customers to look and take heed to music in personalised methods; and WeSing, which permits customers to sing and work together with pals, share their singing performances with pals, and uncover songs sung by others.

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