Investment Analysts’ Weekly Ratings Updates for Tencent Music Entertainment Group (TME)

A number of firms have modified their ratings and price targets on shares of Tencent Music Entertainment Group (NYSE: TME) recently:

• 3/19/2026 – Tencent Music Entertainment Group had its “equal weight” rating reaffirmed by Morgan Stanley.
• 3/19/2026 – Tencent Music Entertainment Group had its price target lowered by Barclays PLC from $28.00 to $20.00. They now have an “overweight” rating on the stock.
• 3/18/2026 – Tencent Music Entertainment Group had its “neutral” rating reaffirmed by UBS Group AG. They now have a $13.00 price target on the stock, down from $26.00.
• 3/18/2026 – Tencent Music Entertainment Group had its “hold” rating reaffirmed by Daiwa Securities Group Inc.. They now have a $12.00 price target on the stock.
• 3/18/2026 – Tencent Music Entertainment Group had its price target lowered by Mizuho from $28.00 to $23.00. They now have an “outperform” rating on the stock.
• 3/18/2026 – Tencent Music Entertainment Group had its “neutral” rating reaffirmed by JPMorgan Chase & Co.. They now have a $12.00 price target on the stock.
• 3/18/2026 – Tencent Music Entertainment Group had its “hold” rating reaffirmed by Benchmark Co..
• 3/17/2026 – Tencent Music Entertainment Group had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $23.00 price target on the stock.

Tencent Music Entertainment Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from Tencent Music Entertainment Group’s previous annual dividend of $0.18. This represents a dividend yield of 266.0%. Tencent Music Entertainment Group’s payout ratio is currently 23.23%.

Tencent Music Entertainment Group (NYSE: TME) is a China-based digital music and audio entertainment platform that operates a portfolio of leading music streaming and social entertainment services. Its core consumer-facing products include streaming apps, online karaoke (KTV) services and live music and entertainment broadcasts. The company monetizes its content through a mix of subscriptions, digital music sales, in-app purchases, virtual gifting, advertising and licensing arrangements with rights holders.

The company traces its roots to the consolidation of Tencent’s music assets and was established in the mid-2010s to unify several prominent music properties under a single operating entity.