Universal Music Group (OTCMKTS:UMGNF – Get Free Report)’s stock price was down 2.3% during trading on Tuesday . The stock traded as low as $24.19 and last traded at $24.19. Approximately 10,588 shares were traded during trading, a decline of 44% from the average daily volume of 18,761 shares. The stock had previously closed at $24.77.
Analyst Upgrades and Downgrades
Separately, Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Universal Music Group currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on UMGNF
Universal Music Group Stock Down 2.3 %
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.
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