Why Tencent Music Entertainment Stock Withered on Wednesday
The fallout from a weaker-than-expected earnings report published by Tencent Music Entertainment (NYSE: TME) continued on Wednesday. For the second day in a row, the China-based company was hit with analyst price target cuts, as well as two recommendation downgrades. This pushed the stock down by over 9%.
One of the downgrades came from Benchmark's Fawne Jiang, who lowered her rating on Tencent Music to hold from the previous buy. No price target was provided.
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Source Fool.com
Tencent Holdings Ltd. Aktie
52,99 €
-3,00 %
Die Community ist uneins: 3 Buy- gegen 2 Sell-Einschätzungen bei Tencent Holdings Ltd..
Obwohl das Kursziel von 45 € für Tencent Holdings Ltd. niedriger als 52.99 € ist, ergibt sich ein negatives Potenzial von -15.08%.
