Analysts Conflicted on These Communication Services Names: Tencent Music Entertainment Group (TME) and Prosus (OtherPROSF)
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Tencent Music Entertainment Group (TME)
Bernstein analyst Boris Van maintained a Buy rating on Tencent Music Entertainment Group yesterday and set a price target of $27.50. The company's shares closed last Tuesday at $25.39.
Van has an average return of 75.5% when recommending Tencent Music Entertainment Group.
According to TipRanks.com, Van is ranked #1843 out of 9951 analysts.
Currently, the analyst consensus on Tencent Music Entertainment Group is a Strong Buy with an average price target of $22.74, which is a -7.5% downside from current levels. In a report released yesterday, Daiwa also upgraded the stock to Buy with a $27.00 price target.
Prosus (PROSF)
Kepler Capital analyst Robert Vink CFA maintained a Hold rating on Prosus on August 11 and set a price target of EUR44.00. The company's shares closed last Tuesday at $57.85.
According to TipRanks.com, CFA is ranked #4783 out of 9951 analysts.
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