Universal Music Group (OTCMKTS:UMGNF) Receives Average Recommendation of “Hold” from Brokerages

Universal Music Group (OTCMKTS:UMGNF) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

A number of equities analysts recently weighed in on the company. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th. BNP Paribas raised Universal Music Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 29th.

Universal Music Group Trading Up 1.2 %

Shares of Universal Music Group stock opened at $25.96 on Friday. Universal Music Group has a fifty-two week low of $22.53 and a fifty-two week high of $32.24. The firm has a 50-day simple moving average of $24.93 and a two-hundred day simple moving average of $26.40.

About Universal Music Group

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations.