Tencent Music Entertainment Group Class A has an analyst consensus of Moderate Buy, with a price target consensus of HK$48.18, which is a 42.88% upside from current levels. In a report released on August 12, Goldman Sachs also maintained a Buy rating on the stock with a HK$46.00 price target.
Based on Tencent Music Entertainment Group Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$7.82 billion and a net profit of HK$2.07 billion. In comparison, last year the company earned a revenue of HK$7.36 billion and had a net profit of HK$4.29 billion
