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

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

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

Universal Music Group Trading Up 1.7 %

OTCMKTS UMGNF opened at $24.24 on Wednesday. Universal Music Group has a 52-week low of $22.53 and a 52-week high of $32.24. The firm’s 50 day moving average price is $25.28 and its 200-day moving average price is $27.10.

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.