Tencent Music Entertainment Group (NYSE:TME) Earns “Hold” Rating from Daiwa Securities Group

Tencent Music Entertainment Group (NYSE:TME)‘s stock had its “hold” rating restated by stock analysts at Daiwa Securities Group in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $12.00 target price on the stock. Daiwa Securities Group’s price objective points to a potential upside of 16.56% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Mizuho decreased their price objective on shares of Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday. Benchmark reiterated a “hold” rating on shares of Tencent Music Entertainment Group in a research note on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $12.00 target price on shares of Tencent Music Entertainment Group in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $23.00 price target on shares of Tencent Music Entertainment Group in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.03.

Tencent Music Entertainment Group Stock Down 0.0%

Shares of Tencent Music Entertainment Group stock opened at $10.30 on Wednesday. The company has a 50-day simple moving average of $15.37 and a two-hundred day simple moving average of $19.11. Tencent Music Entertainment Group has a 52-week low of $9.86 and a 52-week high of $26.70. The company has a quick ratio of 2.08, a current ratio of 2.22 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Tencent Music Entertainment Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in shares of Tencent Music Entertainment Group in the 3rd quarter worth $31,000. Allworth Financial LP increased its position in Tencent Music Entertainment Group by 63.2% during the third quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock valued at $35,000 after acquiring an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Tencent Music Entertainment Group by 5,777.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,057 shares of the company’s stock valued at $36,000 after acquiring an additional 2,022 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Tencent Music Entertainment Group by 1,326.5% in the third quarter. Global Retirement Partners LLC now owns 1,883 shares of the company’s stock valued at $44,000 after acquiring an additional 1,751 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Tencent Music Entertainment Group in the fourth quarter worth about $46,000. 24.32% of the stock is owned by institutional investors.

Trending Headlines about Tencent Music Entertainment Group

Here are the key news stories impacting Tencent Music Entertainment Group this week:

• Positive Sentiment: Content & product momentum: management highlighted a new Warner Music deal, an Ed Sheeran collaboration and 10M users of its AI production tools from the Q4 call — developments that support longer‑term revenue and engagement upside. Music Business Worldwide
• Positive Sentiment: High‑profile content release: pre‑orders launched for Jay Chou’s new album on TME platforms — a potentially material near‑term monetization event in Greater China. PR Newswire
• Positive Sentiment: Bullish options and select analyst support: elevated call activity and several firms (Barclays, Mizuho) still carry Overweight/Outperform stances despite lower targets, indicating pockets of bullish conviction in the market. Kalkine Media
• Neutral Sentiment: Mixed analyst positioning: Morgan Stanley and several firms reaffirmed neutral/hold ratings (JPMorgan, Daiwa, Benchmark), with price targets clustered in the low‑teens, reflecting cautious near‑term views. (Analyst notes reported publicly)
• Neutral Sentiment: New dividend discussion: coverage is interpreting the recently announced dividend as a sign of shifting capital priorities — could be read as shareholder‑friendly or conservative depending on outlook. Yahoo Finance
• Negative Sentiment: Earnings and guidance disappointment: shares plunged after Q4 results and guidance missed some investors’ expectations; commentary flagged reporting changes that obscured the beat and raised concerns about future cadence. Seeking Alpha
• Negative Sentiment: Analyst downgrades and lower targets: UBS cut to Neutral and slashed its target to $13 (from $26); several other houses trimmed targets — adding downward pressure on sentiment. MSN
• Negative Sentiment: Litigation risk: a law firm has announced an investigation into potential shareholder claims related to executive conduct — a legal overhang that can weigh on the stock until resolved. GlobeNewswire

Tencent Music Entertainment Group Company Profile

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.