Fintel reports that on November 4, 2024, Bernstein initiated coverage of Tencent Music Entertainment Group (SEHK:1698) with a Outperform recommendation.
Analyst Price Forecast Suggests 26.74% Upside
As of October 22, 2024, the average one-year price target for Tencent Music Entertainment Group is HK$55.26/share. The forecasts range from a low of HK$33.14 to a high of HK$68.49. The average price target represents an increase of 26.74% from its latest reported closing price of HK$43.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tencent Music Entertainment Group is 31,535MM, an increase of 15.13%. The projected annual non-GAAP EPS is 3.49.
What is the Fund Sentiment?
There are 5 funds or institutions reporting positions in Tencent Music Entertainment Group. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to 1698 is 0.08%, an increase of 9.51%. Total shares owned by institutions decreased in the last three months by 2.02% to 271K shares.
What are Other Shareholders Doing?
JNL SERIES TRUST - JNL Emerging Markets Index Fund holds 139K shares representing 0.01% ownership of the company. In its prior filing, the firm reported owning 152K shares , representing a decrease of 9.18%. The firm increased its portfolio allocation in 1698 by 13.86% over the last quarter.
BBEM - JPMorgan BetaBuilders Emerging Markets Equity ETF holds 102K shares representing 0.01% ownership of the company. In its prior filing, the firm reported owning 99K shares , representing an increase of 3.32%. The firm increased its portfolio allocation in 1698 by 6.98% over the last quarter.
BKEM - BNY Mellon Emerging Markets Equity ETF holds 15K shares representing 0.00% ownership of the company. In its prior filing, the firm reported owning 17K shares , representing a decrease of 9.87%. The firm increased its portfolio allocation in 1698 by 7.98% over the last quarter.
TLTE - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund holds 10K shares representing 0.00% ownership of the company. In its prior filing, the firm reported owning 5K shares , representing an increase of 53.00%. The firm increased its portfolio allocation in 1698 by 130.97% over the last quarter.
ACEYX - AB All China Equity Portfolio Advisor Class holds 4K shares representing 0.00% ownership of the company. No change in the last quarter.
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