Universal Music Group (OTCMKTS:UMGNF) Given Consensus Rating of “Hold” by Analysts

Shares of Universal Music Group (OTCMKTS:UMGNF) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several research analysts have issued reports on UMGNF shares. Citigroup cut Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Barclays cut Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th. BNP Paribas raised Universal Music Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company cut Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th.

Universal Music Group Stock Down 2.5 %

Universal Music Group stock opened at $25.05 on Friday. Universal Music Group has a one year low of $22.53 and a one year high of $32.24. The business’s fifty day moving average is $25.94 and its 200 day moving average is $27.88.

Universal Music Group Company Profile

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.