TENCENT MUSIC ENTERTAINM-ADR (TME)
US88034P1093 - ADR
ChartMill assigns a Buy % Consensus number of 82% to TME. The Buy consensus is the weighted average rating of the current analysts ratings.
Analysts have set a mean price target forecast of 12.25. This target is -4.89% below the current price.
TME was analyzed by 33 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about TME.
In the previous month the buy percentage consensus was at a similar level.
TME was analyzed by 33 analysts, which is quite many. So the average rating should be quite meaningful.
Price Target & Forecast
| Date | Firm | Action | Rating |
|---|---|---|---|
| 2024-03-20 | Mizuho | Maintains | Buy -> Buy |
| 2024-03-20 | Benchmark | Maintains | Buy -> Buy |
| 2024-03-20 | Goldman Sachs | Upgrade | Neutral -> Buy |
| 2024-03-20 | B of A Securities | Maintains | Buy -> Buy |
| 2024-03-20 | Morgan Stanley | Maintains | Overweight -> Overweight |
| 2024-03-20 | HSBC | Maintains | Hold -> Hold |
| 2024-03-20 | Citigroup | Upgrade | Neutral -> Buy |
| 2024-02-05 | Redburn Atlantic | Initiate | Buy |
| 2024-02-05 | CLSA | Initiate | Outperform |
| 2024-01-24 | UBS | Upgrade | Neutral -> Buy |
| 2024-01-17 | Mizuho | Maintains | Buy -> Buy |
| 2023-11-16 | JP Morgan | Upgrade | Neutral -> Overweight |
| 2023-11-15 | Benchmark | Reiterate | Buy -> Buy |
| 2023-08-16 | B of A Securities | Maintains | Buy -> Buy |
| 2023-08-16 | Citigroup | Maintains | Neutral -> Neutral |
| 2023-07-31 | Citigroup | Downgrade | Buy -> Neutral |
| 2023-07-26 | JP Morgan | Downgrade | Overweight -> Neutral |
| 2023-07-20 | HSBC | Maintains | Hold -> Hold |
| 2023-05-18 | Benchmark | Reiterate | Buy -> Buy |
| 2023-05-18 | Citigroup | Upgrade | Neutral -> Buy |
| 2023-05-17 | China Renaissance | Upgrade | Hold -> Buy |
| 2023-05-17 | Macquarie | Upgrade | Underperform -> Neutral |
| 2023-05-17 | Mizuho | Maintains | Buy -> Buy |
| 2023-05-17 | HSBC | Maintains | Buy -> Buy |
| 2023-05-17 | Citigroup | Upgrade | Neutral -> Buy |
| 2023-04-24 | Mizuho | Initiate | Buy |
| 2023-03-22 | Benchmark | Reiterate | Buy |
| 2023-01-09 | Goldman Sachs | Maintains | Neutral |
| 2022-12-01 | Morgan Stanley | Upgrade | Equal-Weight -> Overweight |
| 2022-11-21 | JP Morgan | Upgrade | Neutral -> Overweight |