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

Universal Music Group (OTCMKTS:UMGNF) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

UMGNF has been the subject of several recent analyst reports. BNP Paribas upgraded Universal Music Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company cut shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th. Guggenheim lowered shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Wolfe Research started coverage on shares of Universal Music Group in a report on Friday, July 12th. They issued a “peer perform” rating on the stock. Finally, Barclays lowered shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th.

Universal Music Group Trading Down 1.4 %

Shares of UMGNF opened at $25.65 on Tuesday. Universal Music Group has a twelve month low of $22.53 and a twelve month high of $32.24. The business’s 50-day moving average price is $25.69 and its 200-day moving average price is $28.33.

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.