TME vs. SPOT, SIRI, IHRT, TSQ, UONE, SGA, UONEK, CMLS, BBGI, and SALM
Should you be buying Tencent Music Entertainment Group stock or one of its competitors? The main competitors of Tencent Music Entertainment Group include Spotify Technology (SPOT), Sirius XM (SIRI), iHeartMedia (IHRT), Townsquare Media (TSQ), Urban One (UONE), Saga Communications (SGA), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), and Salem Media Group (SALM). These companies are all part of the "radio broadcasting stations" industry.
Tencent Music Entertainment Group (NYSE:TME) and Spotify Technology (NYSE:SPOT) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, community ranking, dividends, valuation, earnings, analyst recommendations, media sentiment, risk and institutional ownership.
Tencent Music Entertainment Group has higher revenue and earnings than Spotify Technology. Spotify Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
In the previous week, Spotify Technology had 11 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 16 mentions for Spotify Technology and 5 mentions for Tencent Music Entertainment Group. Tencent Music Entertainment Group's average media sentiment score of 1.77 beat Spotify Technology's score of 0.96 indicating that Tencent Music Entertainment Group is being referred to more favorably in the media.
24.3% of Tencent Music Entertainment Group shares are owned by institutional investors. Comparatively, 84.1% of Spotify Technology shares are owned by institutional investors. 0.4% of Spotify Technology shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Tencent Music Entertainment Group currently has a consensus price target of $12.75, suggesting a potential downside of 9.99%. Spotify Technology has a consensus price target of $306.81, suggesting a potential downside of 1.41%. Given Spotify Technology's higher probable upside, analysts plainly believe Spotify Technology is more favorable than Tencent Music Entertainment Group.
Spotify Technology received 246 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 60.64% of users gave Spotify Technology an outperform vote while only 57.71% of users gave Tencent Music Entertainment Group an outperform vote.
Tencent Music Entertainment Group has a beta of 0.72, indicating that its share price is 28% less volatile than the S&P 500. Comparatively, Spotify Technology has a beta of 1.61, indicating that its share price is 61% more volatile than the S&P 500.
Tencent Music Entertainment Group has a net margin of 18.88% compared to Spotify Technology's net margin of -0.80%. Tencent Music Entertainment Group's return on equity of 9.85% beat Spotify Technology's return on equity.
Summary
Tencent Music Entertainment Group and Spotify Technology tied by winning 9 of the 18 factors compared between the two stocks.
Get Tencent Music Entertainment Group News Delivered to You Automatically
Sign up to receive the latest news and ratings for TME and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding TME and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Tencent Music Entertainment Group Competitors List
Related Companies and Tools
