Tencent Music (TME.US) Latest News & Headlines | Longbridge

Weekly Recap | Tencent Music -3.39%, consensus target above spot
Weekly Review·Sep 12 at 06:54 AM
- Tencent Music fell 3.39% this week to close at 7.98 USD, underperforming the S&P 500 by about 2.59 percentage points while launching a 1.0 billion USD notes offering. - Thirty covering institutions maintain a consensus buy rating with an average target price of 13.17 USD, representing a 65% premium over the current price. - Future market performance will depend on the smooth execution of the notes offering and upcoming macroeconomic data releases.
TME-0.76%
Weekly Recap | Tencent Music -3.5%, consensus target above spot
Weekly Review·Sep 5 at 08:16 AM
- Tencent Music shares fell 3.5% to close at $8.26 amid light trading volume, underperforming the S&P 500 index. - The company priced $1.0 billion in senior notes and raised $500 million through Class A notes due in 2031 with coupon rates up to 5.65%, while reporting a 31.91% year-on-year decrease in net profit to RMB 4.56 billion for the first half of 2026. - Thirty institutions maintained a consensus buy rating with an average target price of $13.16, which sits approximately 59.3% higher than the current stock price.
TME-0.76%
Weekly Recap | Tencent Music -2.73%, most brokers rate it buy
Weekly Review·Aug 29 at 06:34 AM
- Tencent Music accumulated a drop of 2.73 % this week to close at 8.56 USD, underperforming the S & P 500 by 3.22 percentage points. - A total of 30 institutions cover the stock with a consensus buy rating and an average target price of 13.16 USD. - Market participants should monitor upcoming US macroeconomic data and watch whether the stock can stabilize near 8.53 USD.
TME-0.76%
Weekly Recap | Tencent Music -0.45%, most brokers rate it buy
Weekly Review·Aug 22 at 05:48 AM
- Tencent Music's stock price fell by 0.45 % to close at $8.80 this week, slightly outperforming the S&P 500 index. - Thirty institutions currently cover the company, with a consensus rating of buy and an average target price of $13.12. - The company's short-term performance will likely be driven by macroeconomic data and broader market sentiment amid industry competition.
TME-0.76%