Tencent Music Entertainment Group Announces Second Quarter 2024 Unaudited Financial Results

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Citi Reiterates Buy Rating on Tencent Music Entertainment Group (TME)

August 13, 2024 6:08 AM EDT

Citi analyst Alicia Yap reiterated a Buy rating and $18.00 price target on Tencent Music Entertainment Group (NYSE: TME).

The analyst comments "TME reported 2Q24 total revs of Rmb7.16bn (-1.7% yoy), 2.4% ahead of our estimate of Rmb6.99bn and inline with consensus of... More