Barclays Lowers Tencent Music Entertainment Group (NYSE:TME) Price Target to $20.00

Tencent Music Entertainment Group (NYSE:TME) had its price target lowered by stock analysts at Barclays from $28.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 97.78% from the stock’s previous close.

Several other research firms have also weighed in on TME. Jefferies Financial Group restated a “buy” rating and set a $23.00 price target on shares of Tencent Music Entertainment Group in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tencent Music Entertainment Group in a research note on Monday, December 29th. Morgan Stanley reduced their target price on shares of Tencent Music Entertainment Group from $27.50 to $25.00 and set an “overweight” rating for the company in a research report on Monday, December 22nd. Benchmark restated a “hold” rating on shares of Tencent Music Entertainment Group in a research note on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $13.00 price target (down from $26.00) on shares of Tencent Music Entertainment Group in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company. 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 Trading Down 1.7%

Shares of Tencent Music Entertainment Group stock opened at $10.11 on Thursday. The firm has a market cap of $17.35 billion, a PE ratio of 10.21, a P/E/G ratio of 0.65 and a beta of 0.56. Tencent Music Entertainment Group has a 1 year low of $9.86 and a 1 year high of $26.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.22 and a quick ratio of 2.08. The stock has a fifty day moving average price of $15.23 and a 200-day moving average price of $19.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TME. Overlook Investments LP purchased a new position in Tencent Music Entertainment Group in the 4th quarter valued at approximately $278,022,000. Compound Planning Inc. lifted its position in shares of Tencent Music Entertainment Group by 2.6% during the fourth quarter. Compound Planning Inc. now owns 39,324 shares of the company’s stock worth $689,000 after acquiring an additional 984 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tencent Music Entertainment Group by 195.9% during the fourth quarter. Invesco Ltd. now owns 6,991,937 shares of the company’s stock worth $122,569,000 after acquiring an additional 4,629,058 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Tencent Music Entertainment Group by 2.6% in the fourth quarter. Mackenzie Financial Corp now owns 219,864 shares of the company’s stock worth $3,875,000 after acquiring an additional 5,496 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Tencent Music Entertainment Group by 1,439.1% in the fourth quarter. Voloridge Investment Management LLC now owns 513,021 shares of the company’s stock worth $8,993,000 after acquiring an additional 479,689 shares during the period. 24.32% of the stock is owned by institutional investors.

Key Stories Impacting Tencent Music Entertainment Group

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

• Positive Sentiment: Company raised its annual dividend 33.3% to $0.24 per share (ex-div April 2), a materially higher yield that can attract income-focused buyers and support the share price.
• Positive Sentiment: Q4 earnings highlights showed strong revenue growth, strategic partnerships (including a new Warner deal) and product traction (notably growth in AI production users) — fundamentals that underpin upside potential. Tencent Music Entertainment Group Q4 Earnings Call Highlights
• Positive Sentiment: High-profile content and engagement catalyst: pre-orders launched for Jay Chou’s new album on TME platforms, a likely near-term traffic and monetization boost in Greater China. Jay Chou album pre-orders on TME
• Positive Sentiment: Unusually high call-option activity and reported purchases of call volume suggest some traders are positioning for a rally, adding short-term upside momentum. Traders Purchase High Volume of Tencent Music Call Options
• Neutral Sentiment: Barclays lowered its price target from $28 to $20 but kept an Overweight stance — a mixed signal: lower upside math but still positive relative conviction. Barclays lowers PT to $20
• Neutral Sentiment: Several brokerages (Morgan Stanley reaffirmed equal weight; Daiwa and Benchmark issued Hold/neutral ratings) — the consensus from multiple firms is cautious, implying limited near-term analyst-driven upside. Finviz: Morgan Stanley equal weight
• Neutral Sentiment: Market write-ups and analyst-roundup pieces note mixed views across peers (Globe and Mail coverage), keeping sentiment fragmented. Analysts Conflicted on Netflix and TME
• Negative Sentiment: Mizuho published a pessimistic forecast for TME’s stock price, which can pressure sentiment and trigger selling among institutional investors. Mizuho pessimist forecast
• Negative Sentiment: UBS-related headlines include a downgrade/negative coverage in some outlets, contributing to downside pressure from the sell-side narrative and reducing conviction among momentum traders. UBS downgrades TME (MSN)

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.