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Why Tencent Music Stock Was Tumbling Today

TheMotleyFool 
0 0 17.03.26
Why Tencent Music Stock Was Tumbling TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png
 

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.

Image source: Getty Images.

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Source Fool.com

Tencent Holdings Ltd. Stock

€53.80
1.500%
There is an upward development for Tencent Holdings Ltd. compared to yesterday, with an increase of €0.80 (1.500%).
Currently there is a rather positive sentiment for Tencent Holdings Ltd. with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 55 € shows a slightly positive potential of 2.23% compared to the current price of 53.8 € for Tencent Holdings Ltd..
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