Huatai Securities Keeps Their Buy Rating on Tencent Music Entertainment Group Class A (1698)
Huatai Securities analyst maintained a Buy rating on Tencent Music Entertainment Group Class A yesterday and set a price target of HK$112.49.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Music Entertainment Group Class A with a HK$103.45 average price target.
Based on Tencent Music Entertainment Group Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$8.44 billion and a net profit of HK$2.41 billion. In comparison, last year the company earned a revenue of HK$7.16 billion and had a net profit of HK$1.68 billion
Read More on HK:1698:
Disclaimer & DisclosureReport an Issue
- Tencent Music price target lowered to $25 from $28 at Benchmark
- Strong Financial Performance and Strategic Investments Drive Buy Rating for Tencent Music
- Buy Recommendation for Tencent Music Entertainment Group: Strategic Initiatives and Strong Market Positioning
- Tencent Music selloff on Soda Music concerns unwarranted, says Citi
- Barclays ups Tencent Music target, sees good entry point
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.