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.
Bank of America Securities Reaffirms Their Hold Rating on Tencent Music Entertainment Group Class A (1698)
Bank of America Securities analyst maintained a Hold rating on Tencent Music Entertainment Group Class A on November 26 and set a price target of HK$82.43. The company’s shares closed yesterday at HK$71.90.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Currently, the analyst consensus on Tencent Music Entertainment Group Class A is a Strong Buy with an average price target of HK$100.52.
Based on Tencent Music Entertainment Group Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$8.46 billion and a net profit of HK$2.15 billion. In comparison, last year the company earned a revenue of HK$7.02 billion and had a net profit of HK$1.58 billion
Read More on HK:1698:
Disclaimer & DisclosureReport an Issue
- Tencent Music price target lowered to $21 from $25 at BofA
- 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
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.
