Shares of Tencent Music Entertainment Group American Depositary Shares each representing two Class A (NYSE:TME) traded today at $11.67, breaking its 52-week low. Approximately 11.5 million shares have changed hands today, as compared to an average 30-day volume of 13 million shares.
Tencent Music Entertainment Group American Depositary Shares each representing two Class A (NYSE:TME) has potential upside of 32.0% based on a current price of $11.74 and analysts’ consensus 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.
Over the past year, Tencent Music Entertainment Group American Depositary Shares each representing two Class A has traded in a range of $11.67 to $32.25 and is now at $11.74.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer