Universal Music Group (OTCMKTS:UMGNF) Given Consensus Recommendation of “Hold” by Brokerages

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

Several research firms have recently commented on UMGNF. Wolfe Research upgraded Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note 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. Guggenheim lowered shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Kepler Capital Markets downgraded Universal Music Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company downgraded Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th.

Universal Music Group Stock Up 2.1 %

Shares of OTCMKTS UMGNF opened at $25.68 on Friday. Universal Music Group has a 1 year low of $22.53 and a 1 year high of $32.24. The business has a 50-day moving average of $25.97 and a two-hundred day moving average of $27.92.

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.