How to Buy Tencent Music Entertainment Group Stock
Tencent Music Entertainment Group
Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China.
Tencent Music Entertainment Group stock last closed at $11.76, up 3.52% from the previous day, and has increased 59.78% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.31 percentage points. Tencent Music Entertainment Group stock is currently +106.32% from its 52-week low of $5.70, and -2% from its 52-week high of $12.00.
As of Apr 22, 2024, there are 5.2B TME shares outstanding. The market cap of TME is $30.57B. In the past 24 hours, 6.54M TME shares were traded.
How to Buy Tencent Music Entertainment Group Stock
Wondering how to invest in Tencent Music Entertainment Group stock? Here's how.
- Choose where to buy Tencent Music Entertainment Group stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Tencent Music Entertainment Group stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your information.
- Analyze Tencent Music Entertainment Group stock: The Tencent Music Entertainment Group ticker symbol is TME. Is Tencent Music Entertainment Group stock a good investment? Should you buy shares of TME? How do TME's underlying business fundamentals look? Do top analysts think Tencent Music Entertainment Group is a good buy? Why has TME's stock price moved recently? (Hint: Our stock analysis website can help you understand if TME is a good stock to buy).
- Make your TME buy order: Decide if you will purchase TME shares at the current market price or use a limit order to buy TME shares at a particular price.
- Get notifications regarding your TME investment: Create a watchlist to monitor your new investment in Tencent Music Entertainment Group shares.
Step 1: Choose where to buy Tencent Music Entertainment Group stock
You need an online brokerage account in order to access the NYSE market and buy TME shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to invest in TME today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on app for stock market, you need to deposit funds:
Watch the tutorial below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze Tencent Music Entertainment Group stock
After you have identified the best place to buy Tencent Music Entertainment Group stock, it's absolutely critical to evaluate their stock before you invest, so you truly understand the risk and upside.
Tencent Music Entertainment Group shares data
Tencent Music Entertainment Group Fundamentals
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on TME's stock page.
Is TME stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge TME's true value.
Using relative valuations measures:
- TME may be overvalued based on its P/E ratio of 26.91x, relative to Internet Content & Information industry P/E ratio of 19.59x
- TME may be undervalued based on its P/B ratio of 3.95x, relative to Internet Content & Information industry P/B ratio of 6.4x
You can do more valuation analysis on TME's stock here.
Is TME a healthy company?
Passed Financial Due Diligence Checks:
- TME profit margin has gone up from 13% to 17.7% in the past year.
- There are more short-term assets than long-term liabilities on the TME balance sheet.
- TME's operating cash flow of $1.03B allows it to safely service it's debt of $836.51M.
- TME has a low debt to equity ratio of 0.33.
- There are more short-term assets than short-term liabilities on the TME balance sheet.
- TME earnings of $814.11M is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- Total TME debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Tencent Music Entertainment Group stock
Out of 12 Equities analysts who track TME, the consensus analyst rating on Tencent Music Entertainment Group is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest TME Analyst Upgrades/Downgrades
Lei Zhang, a top 40% analyst from Bank of America maintains TME with a strong buy rating and raises their TME price target from $10.50 to $12.30, on Mar 20, 2024.
Alicia Yap, a bottom 8% analyst from Citigroup upgrades TME to a strong buy rating and raises their TME price target from $9.00 to $13.00, on Mar 20, 2024.
Agnieszka Pustula, a bottom 49% analyst from Redburn Atlantic initiates coverage on TME with a strong buy rating and announces their TME price target of $12.00, on Feb 5, 2024.
Maggie Ye, a bottom 49% analyst from CLSA initiates coverage on TME with a buy rating and announces their TME price target of $10.50, on Feb 5, 2024.
Kenneth Fong, a bottom 10% analyst from UBS upgrades TME to a strong buy rating and announces their TME price target of $10.50, on Jan 24, 2024.
You can dive deeper into what analysts are projecting on the Tencent Music Entertainment Group stock forecast page.
TME Trading Indicators
TME Performance Numbers
Last year, TME earnings were $680.50M. In the last 5 year, TME's earnings have grown by 20.71% per year. This was faster than the Internet Content & Information industry average of 17.46%.
Last year, TME revenue was $3.84B. Over the past 5 year, TME's revenue has increased by 7.34% per year. This was slower than the Internet Content & Information industry average of 19.61%.
You can research TME's earnings and revenue performance here.
Who is buying/selling TME?
Over the past year, insiders at TME have not bought or sold any shares.
Learn more about who owns TME shares here.
Can I rely on TME as an income stream?
No, Tencent Music Entertainment Group doesn't provide an income stream by paying out dividends.
What do other traders have to say about TME?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your TME buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Hit the Open button and eToro will execute your order.
If you want additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your TME investment
Now that you own some TME shares, you'll want to keep up with your shares.
Create a watchlist to monitor your TME stock.
TME Feed
How to Buy Stock in Tencent Music Entertainment Group
To summarize, here are the 6 steps to buy stock in Tencent Music Entertainment Group:
- Choose where to buy Tencent Music Entertainment Group stock
- Open your brokerage account
- Fund your investment account
- Analyze Tencent Music Entertainment Group stock
- Make your TME buy order
- Get notifications regarding your TME investment
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your investment in Tencent Music Entertainment Group, add TME to your watchlist below.
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