Why Tencent Music Stock Was Tumbling Today
Shares of Tencent Music Entertainment Group(NYSE: TME) were taking a dive today after China's leading music streaming platform reported solid growth in its fourth-quarter earnings report, but that was overshadowed by a decline in its user base.
As of 11:21 a.m. ET, the stock was down 20.8% on the news.
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Source Fool.com
Tencent Holdings Ltd. Stock
€53.41
-2.270%
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Tencent Holdings Ltd. is rather balanced.
On the other hand, the target price of 45 € is below the current price of 53.41 € for Tencent Holdings Ltd., so the potential is actually -15.75%.
