Mizuho Securities Keeps Their Buy Rating on Tencent Music Entertainment Group (TME)
In a report released today, Wei Fang from Mizuho Securities maintained a Buy rating on Tencent Music Entertainment Group, with a price target of $28.00.
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Fang covers the Consumer Cyclical sector, focusing on stocks such as JD, Alibaba, and DoorDash. According to TipRanks, Fang has an average return of 16.9% and a 67.92% success rate on recommended stocks.
In addition to Mizuho Securities, Tencent Music Entertainment Group also received a Buy from TR | OpenAI – 4o’s Chloe Pagella in a report issued today. However, on October 28, China Galaxy International initiated coverage with a Hold rating on Tencent Music Entertainment Group (NYSE: TME).
Based on Tencent Music Entertainment Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.44 billion and a net profit of $2.41 billion. In comparison, last year the company earned a revenue of $7.16 billion and had a net profit of $1.68 billion
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