Tencent Music <a Hold" by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.21.
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A number of equities analysts have recently weighed in on the stock.
Get Our Latest Stock Analysis on Tencent Music Music Entertainment Group Stock Up 0.2%
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Tencent Music Entertainment Group stock opened at $8.64 on Tuesday. Tencent Music Entertainment Group has a twelve month low of $7.66 and a twelve month high of $23.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $13.61 billion, a PE ratio of 10.67, a P/E/G ratio of 1.51 and a beta of 0.78. The firm’s 50 day moving average price is $8.32 and its two-hundred day moving average price is $8.84.
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