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 $14.45, down 4.75% from the previous day, and has increased 108.21% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.82 percentage points. Tencent Music Entertainment Group stock is currently +153.51% from its 52-week low of $5.70, and -8.37% from its 52-week high of $15.77.
As of May 31, 2024, there are 5.2B TME shares outstanding. The market capitalization of TME is $37.57B. In the last 24 hours, 10.7M TME shares were traded.
How to Buy Tencent Music Entertainment Group Stock
Not sure how to invest in Tencent Music Entertainment Group stock? Here's how.
- Choose where to buy Tencent Music Entertainment Group stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out 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 payment method and add your info.
- 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 figure out 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 given price.
- Get notifications regarding your TME investment: Create a watchlist to important updates regarding your new investment in Tencent Music Entertainment Group stock.
Step 1: Choose where to buy Tencent Music Entertainment Group stock
You will need a brokerage account in order to access the NYSE market and buy TME shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to invest in TME stock today.
How to Open a New Investment 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.
- Enter your personal details to start your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on the best stock app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help depositing funds into your new brokerage account.
Step 4: Analyze Tencent Music Entertainment Group stock
Once you have decided on the best place to buy Tencent Music Entertainment Group stock, it's important to evaluate their stock before you buy, so you can wrap your head around the risk and upside.
Tencent Music Entertainment Group shares at a glance
Tencent Music Entertainment Group Fundamentals
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on TME's stock page.
Is TME stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TME's true value.
Using relative valuations methods:
- TME may be overvalued based on its P/E ratio of 31.28x, relative to Internet Content & Information industry P/E ratio of 16.51x
- TME may be undervalued based on its P/B ratio of 4.58x, relative to Internet Content & Information industry P/B ratio of 6.61x
You can do more valuation research on TME's stock here.
TME Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the TME balance sheet.
- TME profit margin has gone up from 14.7% to 18.9% in the past year.
- TME has a low debt to equity ratio of 0.31.
- There are more short-term assets than long-term liabilities on the TME balance sheet.
Failed Financial Due Diligence Checks:
- Total TME debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Tencent Music Entertainment Group stock
Out of 11 sell side analysts who monitor TME, the consensus analyst rating on TME is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent TME Analyst Recommendations
Lei Zhang, a top 37% 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 9% 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 top 50% 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 top 50% 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 12% 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 dig deeper into what analysts are projecting on the Tencent Music Entertainment Group stock forecast page.
TME Trading Indicators
TME Growth Numbers
Last year, TME earnings were $718.40M. In the last five year, TME's earnings have grown by 20.58% per year. This was slower than the Internet Content & Information industry average of 22.61%.
Last year, TME revenue was $3.81B. During the past 5 year, TME's revenue has gone up by 4.44% per year. This was slower than the Internet Content & Information industry average of 19.21%.
Dive into TME's earnings and revenue performance here.
Who is buying/selling TME?
In the last year, executives and large shareholders at TME have not bought or sold any shares.
Get more info about who owns TME stock 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.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your TME buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your TME investment
Now that you own some shares in TME, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to track the most important metrics related to your TME stock.
TME Feed
How to Buy Stock in Tencent Music Entertainment Group
To summarize, here are the 6 steps you need to take to buy Tencent Music Entertainment Group stock right now:
- 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 need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Tencent Music Entertainment Group, click the button below.
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