Tencent Music Entertainment Group (NYSE:TME) will release its earnings data after the market closes on Monday, November 11th. Analysts expect Tencent Music Entertainment Group to post earnings of $0.08 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Tencent Music Entertainment Group (NYSE:TME) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $859.00 million during the quarter, compared to the consensus estimate of $872.51 million. On average, analysts expect Tencent Music Entertainment Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE:TME opened at $14.00 on Friday. The company has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $14.32. The firm has a market cap of $22.47 billion and a PE ratio of 70.00. Tencent Music Entertainment Group has a 12-month low of $11.81 and a 12-month high of $19.97.

A number of brokerages recently issued reports on TME. New Street Research began coverage on shares of Tencent Music Entertainment Group in a research note on Friday, October 18th. They issued a “buy” rating and a $16.00 price target for the company. Bank of America dropped their price target on shares of Tencent Music Entertainment Group from $19.20 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. KeyCorp dropped their price target on shares of Tencent Music Entertainment Group from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Tencent Music Entertainment Group from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, October 8th. Finally, Zacks Investment Research lowered shares of Tencent Music Entertainment Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $16.27.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung.

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