Tencent Music (TME) Tops Q4 EPS by 11c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Tencent Music Entertainment Group (TME) PT Raised to $13 at CFRA
March 20, 2024 12:22 PM EDTCFRA analyst Ahmad Halim raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.00 (from $9.00) while maintaining a Buy rating.
The analyst comments "Following TME's in-line 2023 results, we keep our 2024 earnings per ADS forecast unchanged at CNY3.60, and we start... More
Tencent Music (TME) tops earnings, revenue expectations in Q4
March 20, 2024 7:57 AM EDTTencent Music (NYSE: TME) reported a stronger-than-expected performance for the fourth quarter of 2023, with both earnings and revenue surpassing analyst estimates. The company's shares edged up 1.9% following the announcement, signaling investor approval of the results.
For the quarter, Tencent Music posted earnings per share (EPS) of RMB1.00, exceeding the analyst consensus of RMB0.89. Revenue also beat expectations, coming in at RMB6.89 billion against the forecasted RMB6.67 billion. Despite a 7.2% decrease in total revenues YoY, primarily due to a decline in social entertainment services, the company saw a significant 45.3% increase in music subscription... More
Tencent Music Entertainment Group (TME) PT Raised to $12.30 at BofA Securities
March 20, 2024 5:52 AM EDTBofA Securities analyst Lei Zhang raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $12.30 (from $10.50) while maintaining a Buy rating.
The analyst comments "TME delivered a solid beat on its 4Q results with dual engine of better music paying users and improved ARPU. And we expect the growth momentum of the music... More
Tencent Music Entertainment Group (TME) PT Raised to $13.50 at Morgan Stanley, 'executing well on its medium-term targets'
March 20, 2024 4:10 AM EDTMorgan Stanley analyst Alex Poon raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.50 (from $11.00) while maintaining a Overweight rating.
The analyst comments "We think TME is executing well on its medium-term targets - to grow subs and... More
Citi Upgrades Tencent Music Entertainment Group (TME) to Buy, 'Sustained Music Growth w/ Margin Expansion'
March 20, 2024 3:50 AM EDTCiti analyst Alicia Yap upgraded Tencent Music Entertainment Group (NYSE: TME) from Neutral to Buy with a price target of $13.00 (from $9.00).
The analyst comments "TMEs 4Q23 results came ahead of expectation with total revs -7.2% yoy to Rmb6.89bn and adj. NP +12.5% yoy to Rmb1.68bn, 2.4%/2.9% and 8.2%/7.9%... More
Tencent Music Entertainment Group (TME) PT Raised to $13 at Mizuho
March 19, 2024 4:16 PM EDTMizuho analyst Wei Fang raised the price target on Tencent Music Entertainment Group (NYSE: TME) to $13.00 (from $12.00) while maintaining a Buy rating.
The analyst comments "Core music revenue beat consensus by 5 points, driven by accelerated subscriptions in business and advertising. The mix shift lifted... More
