Analysts who follow Tencent Music Entertainment Group - ADR (TME) on average expect it to decline -11.62% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns the stock an Analyst Ranking of 52, which means it ranks higher than 52 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Tencent Music Entertainment Group - ADR Stock Today?
Tencent Music Entertainment Group - ADR (TME) stock is up 3.92% while the S&P 500 has fallen -1.53% as of 12:08 PM on Thursday, Jul 9. TME has gained $0.66 from the previous closing price of $16.83 on volume of 12,640,208 shares. Over the past year the S&P 500 has risen 4.28% while TME has gained 11.40%. TME earned $0.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 52.84.
