Morgan Stanley Reiterates Equal Weight Rating for Tencent Music Entertainment Group (NYSE:TME)

Tencent Music Entertainment Group (NYSE:TME)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a report released on Thursday, MarketBeat.com reports.

A number of other research firms have also recently issued reports on TME. Benchmark reiterated a “hold” rating on shares of Tencent Music Entertainment Group in a research report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $12.00 target price on shares of Tencent Music Entertainment Group in a research report on Wednesday. Daiwa Securities Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Tencent Music Entertainment Group in a research note on Wednesday. UBS Group reiterated a “neutral” rating and set a $13.00 price target (down from $26.00) on shares of Tencent Music Entertainment Group in a report on Wednesday. Finally, Mizuho dropped their price target on Tencent Music Entertainment Group from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Tencent Music Entertainment Group has a consensus rating of “Moderate Buy” and a consensus price target of $22.03.

Tencent Music Entertainment Group Stock Down 1.7%

Shares of NYSE TME opened at $10.11 on Thursday. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.65 and a beta of 0.56. The company has a current ratio of 2.22, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Tencent Music Entertainment Group has a 12 month low of $9.86 and a 12 month high of $26.70. The stock has a 50-day moving average price of $15.23 and a two-hundred day moving average price of $19.01.

Institutional Investors Weigh In On Tencent Music Entertainment Group

A number of institutional investors have recently made changes to their positions in TME. Smartleaf Asset Management LLC acquired a new stake in shares of Tencent Music Entertainment Group in the third quarter valued at about $31,000. Allworth Financial LP raised its position in shares of Tencent Music Entertainment Group by 63.2% during the third quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $35,000 after acquiring an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Tencent Music Entertainment Group by 5,777.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,057 shares of the company’s stock worth $36,000 after acquiring an additional 2,022 shares during the period. Global Retirement Partners LLC lifted its stake in shares of 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 worth $44,000 after acquiring an additional 1,751 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Tencent Music Entertainment Group in the fourth quarter valued at approximately $46,000. Institutional investors own 24.32% of the company’s stock.

Tencent Music Entertainment Group News Summary

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)

About Tencent Music Entertainment Group

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.