Tencent Music Entertainment Group - ADR (TME) to Release Quarter 1 Numbers

Last Updated: Friday, May 14, 2021 4:04 PM | Nick Dey

What's Happening with TME

Tencent Music Entertainment Group - ADR (TME) is scheduled to report Quarter 1 numbers after the market close on May 17. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is down -20.9% on the year.

Technical Analysis

TME was recently trading at $15.21 down $17.04 from its 12-month high and $3.93 above its 12-month low. InvestorsObserver gives TME a 3 long-term technical score and a 30 short-term technical score. The stock has recent support above $14.43 and recent resistance below $15.82. Of the 9 analysts who cover the stock 5 rate it Strong Buy, 2 rate it Buy, 2 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, TME gets an overall score of 39 from InvestorsObserver.

Analysts' Thoughts

Looking ahead analysts expect the company to grow profits 1.96% per annum the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects $1.21 EPS. TME is currently trading at $15.21 with an average price target of $27.40.

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