Fintel reports that on January 21, 2025, Morgan Stanley upgraded their outlook for Tencent Music Entertainment Group (SEHK:1698) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 37.99% Upside
As of December 23, 2024, the average one-year price target for Tencent Music Entertainment Group is HK$57.89/share. The forecasts range from a low of HK$36.83 to a high of HK$70.23. The average price target represents an increase of 37.99% from its latest reported closing price of HK$41.95 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tencent Music Entertainment Group is 34,542MM, an increase of 24.09%. The projected annual non-GAAP EPS is 2.17.
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 0.07%, an increase of 20.63%. Total shares owned by institutions decreased in the last three months by 2.84% to 264K shares.
What are Other Shareholders Doing?
JNL SERIES TRUST - JNL Emerging Markets Index Fund holds 131K shares representing 0.01% ownership of the company. In its prior filing, the firm reported owning 139K shares , representing a decrease of 6.41%. The firm decreased its portfolio allocation in 1698 by 17.92% over the last quarter.
BBEM - JPMorgan BetaBuilders Emerging Markets Equity ETF holds 99K shares representing 0.01% ownership of the company. In its prior filing, the firm reported owning 102K shares , representing a decrease of 3.33%. The firm decreased its portfolio allocation in 1698 by 21.84% over the last quarter.
BKEM - BNY Mellon Emerging Markets Equity ETF holds 19K shares representing 0.00% ownership of the company. In its prior filing, the firm reported owning 15K shares , representing an increase of 20.83%. The firm decreased its portfolio allocation in 1698 by 21.81% over the last quarter.
TLTE - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund holds 10K shares representing 0.00% ownership of the company. No change in 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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