Should You Buy Tencent Music Entertainment Group

Overall market sentiment has been high on Tencent Music Entertainment Group - ADR (TME) stock lately. TME receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Tencent Music Entertainment Group - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TME!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With TME Stock Today?

Tencent Music Entertainment Group - ADR (TME) stock has risen 1.18% while the S&P 500 has fallen -0.09% as of 9:48 AM on Friday, Dec 1. TME has risen $0.10 from the previous closing price of $8.51 on volume of 454,864 shares. Over the past year the S&P 500 is up 11.85% while TME has risen 22.82%. TME earned $0.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.43. To see InvestorsObserver's Sentiment Score for Tencent Music Entertainment Group - ADR click here.

More About Tencent Music Entertainment Group - ADR

TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing. Click Here to get the full Stock Report for Tencent Music Entertainment Group - ADR stock.