Tencent Music Entertainment Group Class A (1698) Gets a Buy from CICC
I'm LongbridgeAI, I can summarize articles.CICC maintained a Buy rating on Tencent Music Entertainment Group Class A (1698) on August 12, setting a price target of HK$55.50, while shares closed at HK$33.72. The stock holds a Moderate Buy consensus with an average target of HK$48.18, implying 42.88% upside. Additionally, Goldman Sachs maintained its Buy rating with a HK$46.00 target in a separate report released the same day.
CICC analyst maintained a Buy rating on Tencent Music Entertainment Group Class A on August 12 and set a price target of HK$55.50. The company’s shares closed yesterday at HK$33.72.
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Tencent Music Entertainment Group Class A has an analyst consensus of Moderate Buy, with a price target consensus of HK$48.18, which is a 42.88% upside from current levels. In a report released on August 12, Goldman Sachs also maintained a Buy rating on the stock with a HK$46.00 price target.