See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Tencent Music Entertainment Group Sponsored ADR (TME) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tencent Music Entertainment Group Sponsored ADR (TME) - free report >>
Image: Bigstock
Tencent Music (TME) Jumps: Stock Rises 5.1%
Tencent Music Entertainment Group (TME - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $12.89–$16.00 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Tencent Music currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Tencent Music Entertainment Group Sponsored ADR Price
Tencent Music Entertainment Group Sponsored ADR price | Tencent Music Entertainment Group Sponsored ADR Quote
Investors interested in the Internet – Content industry may consider Changyou.com Limited , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is TME going up? Or down? Predict to see what others think: Up or Down
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>