Tencent Music Entertainment (TME) stock forecast for 2023. Forecast tables and graphs.

Tencent Music Entertainment (TME) stock forecast for 2023

The forecast has been updated: September 14, 2021 9:27


Tencent Music Entertainment stock price online today

Analyst Target Price

12.83

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

None

Last Split Date

-

Should you buy or sell Tencent Music Entertainment stock stock today? What is the projected target price level for 2023? How much will it cost in 2023? Tencent Music Entertainment stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2023.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $12.83 target price for Tencent Music Entertainment stock stock.

Today 200 Day Moving Average is the resistance level (16.03 $).

50 Day Moving Average is the resistance level (9.38 $).




TME Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 8.86 8.35 9.55 12.48 %
Feb 9.46 8.70 9.98 12.85 %
Mar 9.43 9.08 10.33 12.15 %
Apr 10.56 9.72 10.92 11.02 %
May 9.42 8.69 10.02 13.20 %
Jun 8.50 8.01 8.89 9.87 %
Jul 8.61 8.01 8.83 9.25 %
Aug 8.28 7.89 8.84 10.79 %
Sep 8.76 8.13 9.51 14.49 %
Oct 8.62 8.13 8.91 8.82 %
Nov 9.18 8.84 9.46 6.52 %
Dec 8.82 8.47 9.40 9.91 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Tencent Music Entertainment stock.


Tencent Music Entertainment overview

Tencent Music Entertainment Address

17/F, MALATA BUILDING, KEJIZHONGYI ROAD, MIDWEST DISTRICT OF HI-TECH PARK, NANSHAN DISTRICT, SHENZHEN, China

Market Capitalization

13 963 702 000 $

EBITDA

4 856 000 000

PE Ratio

22.06

PEG Ratio

0.703

Dividend Per Share

None

Dividend Yield

0

EPS

0.374

Quarterly Earnings Growth YOY

-0.154

Quarterly Revenue Growth YOY

0.155

Trailing PE

22.06

Forward PE

21.79

EV To Revenue

0.379

EV To EBITDA

2.535

52 Week High

32.25

52 Week Low

7.03

50 Day Moving Average

9.38

200 Day Moving Average

16.03

Shares Outstanding

1692570000

Shares Float

614702000

Shares Short Prior Month

20251600

Short Ratio

1.27

Percent Insiders

9.76

Percent Institutions

59.69

Tencent Music Entertainment stock forecast for this year


Tencent Music Entertainment stock forecast for Jan 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.86. Negative monthly dynamics of the instrument is expected with 12.481% volatility is expected.

Pessimistic forecast: 8.35

Optimistic: 9.55


Tencent Music Entertainment stock forecast for Feb 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 9.46. Positive monthly dynamics of the instrument is expected with 12.851% volatility is expected.

Pessimistic forecast: 8.70

Optimistic: 9.98


Tencent Music Entertainment stock forecast for Mar 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 9.43. Negative monthly dynamics of the instrument is expected with 12.154% volatility is expected.

Pessimistic forecast: 9.08

Optimistic: 10.33


Tencent Music Entertainment stock forecast for Apr 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 10.56. Positive monthly dynamics of the instrument is expected with 11.017% volatility is expected.

Pessimistic forecast: 9.72

Optimistic: 10.92


Tencent Music Entertainment stock forecast for May 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 9.42. Negative monthly dynamics of the instrument is expected with 13.200% volatility is expected.

Pessimistic forecast: 8.69

Optimistic: 10.02


Tencent Music Entertainment stock forecast for Jun 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.50. Negative monthly dynamics of the instrument is expected with 9.870% volatility is expected.

Pessimistic forecast: 8.01

Optimistic: 8.89


Tencent Music Entertainment stock forecast for Jul 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.61. Positive monthly dynamics of the instrument is expected with 9.247% volatility is expected.

Pessimistic forecast: 8.01

Optimistic: 8.83


Tencent Music Entertainment stock forecast for Aug 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.28. Negative monthly dynamics of the instrument is expected with 10.795% volatility is expected.

Pessimistic forecast: 7.89

Optimistic: 8.84


Tencent Music Entertainment stock forecast for Sep 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.76. Positive monthly dynamics of the instrument is expected with 14.486% volatility is expected.

Pessimistic forecast: 8.13

Optimistic: 9.51


Tencent Music Entertainment stock forecast for Oct 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.62. Negative monthly dynamics of the instrument is expected with 8.824% volatility is expected.

Pessimistic forecast: 8.13

Optimistic: 8.91


Tencent Music Entertainment stock forecast for Nov 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 9.18. Positive monthly dynamics of the instrument is expected with 6.524% volatility is expected.

Pessimistic forecast: 8.84

Optimistic: 9.46


Tencent Music Entertainment stock forecast for Dec 2023.
Estimated Average Forecasted Tencent Music Entertainment Price: 8.82. Negative monthly dynamics of the instrument is expected with 9.906% volatility is expected.

Pessimistic forecast: 8.47

Optimistic: 9.40



Other Communication services sector assets

Name Symbol Last Close Price Change
McAfee Corp
MCFE 21.22 (15.09.2021) -0.47 %
Activision Blizzard, Inc.
ATVI 79.28 (16.09.2021) 1.32 %
Airbnb, Inc.
ABNB 166.37 (15.09.2021) 1.88 %
Alphabet Inc.
GOOG 2904.12 (15.09.2021) 1.26 %
Alphabet Inc.
GOOGL 2888.59 (15.09.2021) 1.32 %
AMC Entertainment Holdings, Inc.
AMC 46.04 (16.09.2021) -1.71 %
AT&T Inc.
T 27.6 (16.09.2021) 0.11 %
Baidu, Inc.
BIDU 161.73 (15.09.2021) 0.75 %
Charter Communications, Inc.
CHTR 765.24 (16.09.2021) 0.01 %
China Mobile Limited
CHL 27.51 (16.09.2021) 0.00 %
China Telecom Corp. Lim.
CHA 25.23 (09.02.2021) -4.61 %
CLOUDFLARE, INC
NET 128.55 (15.09.2021) 1.41 %
Comcast Corp.
CMCSA 57.28 (16.09.2021) 0.49 %
Discovery, Inc.
DISCA 26.99 (16.09.2021) 0.67 %
DISH Network Corp.
DISH 42.74 (16.09.2021) -0.58 %
Electronic Arts Inc.
EA 135.96 (16.09.2021) -0.79 %
Facebook, Inc.
FB 373.92 (15.09.2021) -0.69 %
Genius Brands International, Inc.
GNUS 1.46 (15.09.2021) 2.10 %
Lumen Technologies, Inc.
LUMN 12.74 (16.09.2021) 0.16 %
Momo Inc.
MOMO 11.55 (16.09.2021) -2.53 %
Netflix, Inc.
NFLX 582.87 (15.09.2021) 0.88 %
News Corp.
NWS 22 (16.09.2021) 1.99 %
Pinterest, Inc.
PINS 54.21 (16.09.2021) -0.04 %
Robinhood Markets, Inc.
HOOD 41.87 (15.09.2021) 4.62 %
Roku, Inc.
ROKU 323.09 (16.09.2021) 1.37 %
Snap Inc.
SNAP 73.62 (15.09.2021) 3.24 %
Spotify Technology S.A.
SPOT 242.02 (16.09.2021) -0.35 %
T-Mobile US, Inc.
TMUS 128.91 (16.09.2021) 1.45 %
Take-Two Interactive Software, Inc.
TTWO 151.89 (16.09.2021) -0.52 %
Tencent Music Entertainment Group
TME 7.9 (16.09.2021) -1.00 %
The E.W. Scripps Company
SSP 17.33 (16.09.2021) 2.00 %
Twilio Inc.
TWLO 345.8 (16.09.2021) 1.11 %
Twitter, Inc.
TWTR 61.84 (15.09.2021) 2.74 %
Verizon Communications Inc.
VZ 54.43 (16.09.2021) -0.26 %
Walt Disney Company
DIS 183.34 (16.09.2021) -0.58 %
Zillow Group, Inc.
ZG 92.12 (15.09.2021) -0.10 %
Zoom Video Communications, Inc.
ZM 278.22 (16.09.2021) -0.32 %


Denial of responsibility:

The portal leoprophet.com is not responsible for the loss of your money as a result of your use of the information contained on the site, including data, quotes, charts and forecasts. Operations in the stock, foreign exchange and commodity markets involve a high level of risk, and you are solely responsible for your operations. Only speculate with money that you can afford to lose. All prices and forecasts for stocks, indices, futures are indicative and should not be trade dependent. The portal is not responsible for any losses that you may incur as a result of using this data.