TME short interest surges, indicating growing pessimism among investors

As published in a research note from Goldman on March 20, 2024, Tencent Music Entertainment Group ADR [TME] has been rated up from a Neutral to a Buy and the price target has been revised to $14. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in […]

Understanding the Risks of Investing in Tencent Music Entertainment Group ADR (TME)

Meanwhile, Redburn Atlantic initiated its Tencent Music Entertainment Group ADR [TME] rating to a Buy in a research note published on February 05, 2024; the price target was $12. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in early February with a ‘”an Outperform”‘ rating. UBS […]

Rise in TME’s short interest indicates Bearish sentiment

ZOM Stock

As published in their initiating research note from Redburn Atlantic on February 05, 2024, Tencent Music Entertainment Group ADR [TME] has been a Buy and the price target has been revised to $12. Analysts at CLSA started covering the stock with ‘”an Outperform”‘ outlook in a report released in early February. As of January 24, […]