Universal Music Group (OTCMKTS:UMGNF) Given Average Recommendation of “Hold” by Analysts

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

Several equities analysts have commented on the company. Barclays lowered Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th. Guggenheim cut shares of Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Wolfe Research initiated coverage on shares of Universal Music Group in a report on Friday, July 12th. They set a “peer perform” rating for the company. Wells Fargo & Company downgraded Universal Music Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 25th. Finally, Kepler Capital Markets cut Universal Music Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Universal Music Group Trading Down 1.4 %

UMGNF stock opened at $25.97 on Friday. Universal Music Group has a fifty-two week low of $22.53 and a fifty-two week high of $32.24. The business’s 50 day moving average price is $26.10 and its two-hundred day moving average price is $28.74.

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.