What's Going On With Tencent Music Entertainment Shares On Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
0mins
Source: Benzinga
Partnership Announcement: Tencent Music Entertainment Group (TME) has formed a strategic partnership with Galaxy Corporation for global musician G-Dragon's upcoming regional tour, enhancing TME's international presence in the music industry.
Market Impact: Despite this collaboration, TME shares are down 1.90% in premarket trading, currently priced at $11.90, as investors await the company's third-quarter results scheduled for November 12, 2024.
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Analyst Views on TME
Wall Street analysts forecast TME stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 8.910
Low
21.00
Averages
26.13
High
29.00
Current: 8.910
Low
21.00
Averages
26.13
High
29.00
About TME
Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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