Tencent Music Entertainment Group Announces Fourth Quarter and Full Year 2018 Unaudited Financial Results
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Tencent Music Entertainment Group (TME) PT Raised to $21 at KeyBanc
March 20, 2019 9:52 AM EDTKeyBanc analyst Hans Chung raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $21.00 (from $19.00) while maintaining a Overweight rating following results.
core stronger despite higher content investment... MoreTencent Music (TME) Reports In-Line Q4 EPS, Slight Miss on Revenues
March 19, 2019 4:37 PM EDTTencent Music (NYSE: TME) reported Q4 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $785 million versus the consensus estimate of $785.82 million.
"Our initial public offering in December 2018 has launched us onto the international stage, elevated the global recognition towards our brand, and endorsed our successful track record," stated Mr. Cussion Kar Shun Pang, Chief Executive Officer of Tencent Music. "During the fourth quarter of 2018, we recorded strong growth across our business lines, including both online music and social entertainment services, and solidified our market... More
