Streaming cushions Tencent Music's second quarter revenue fall
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Tencent Music Entertainment Group (TME) PT Lowered to $15 at BofA Securities
August 14, 2024 6:43 AM EDTBofA 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
Jefferies Reiterates Buy Rating on Tencent Music Entertainment Group (TME)
August 13, 2024 6:22 AM EDTJefferies 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
Citi Reiterates Buy Rating on Tencent Music Entertainment Group (TME)
August 13, 2024 6:08 AM EDTCiti 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
