TME

Tencent Music Entertainment Group Sponsored ADR Class A · NYSE

Performance

-0.99%

1W

+7.17%

1M

+20.34%

3M

-16.78%

6M

+33.85%

YTD

+40.72%

1Y

Profile

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Technical Analysis of TME 2024-12-20

The Moving Average Score of 70 indicates a bullish sentiment, while the Oscillators Score of 43 and Technical Score of 56 suggest a more neutral outlook. Overall, the combined scores reflect a cautiously optimistic sentiment in the stock, driven primarily by the strong moving averages.
Technical Scores and Rating

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Technical Rating

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Stock Analysis of TME

Stock Rank

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Recent News & Updates

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