Streaming cushions Tencent Music's second quarter revenue fall
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August 14, 2024 6:43 AM EDT
BofA Securities analyst Lei Zhang lowered the price target on Tencent Music Entertainment Group (NYSE: TME) to $15.00 (from $18.00) while maintaining a Buy rating.
The analyst comments "Tencent Music (TME) delivered a largely inline 2Q result, while co indicates it is the... More
August 13, 2024 6:22 AM EDT
Jefferies analyst Thomas Chong reiterated a Buy rating and $15.40 price target on Tencent Music Entertainment Group (NYSE: TME)
The analyst comments "TME reported 2Q24 results, with total revenue in line with consensus. By segment, online music services revenue was largely... More
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
