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.
Image source: Getty Images.
Source Fool.com
Tencent Holdings Ltd. Stock
€46.95
-0.230%
Our community is currently high on Tencent Holdings Ltd. with 3 Buy predictions and 1 Sell predictions.
With a target price of 54 € there is a slightly positive potential of 15.02% for Tencent Holdings Ltd. compared to the current price of 46.95 €.
