Tencent Music Entertainment Group American Depositary Shares each representing two Class A (NYSE:TME) traded at a new 52-week low today of $10.53. This new low was reached on approximately average trading volume as 11.3 million shares traded hands, while the average 30-day volume is approximately 13.5 million shares.
Tencent Music Entertainment Group American Depositary Shares each representing two Class A has overhead space with shares priced $10.66, or 31.2% below the average consensus analyst price target of $15.50.
Tencent Music Entertainment Group is an online music entertainment platform in China. Its platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data.
In the past 52 weeks, shares of Tencent Music Entertainment Group American Depositary Shares each representing two Class A have traded between the current low of $10.53 and a high of $32.25 and is now at $10.66.
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