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

Universal Music Group (OTCMKTS:UMGNF) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

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

Universal Music Group Stock Performance

Shares of UMGNF opened at $24.18 on Wednesday. The firm has a 50 day simple moving average of $25.23 and a two-hundred day simple moving average of $27.00. Universal Music Group has a one year low of $22.53 and a one year high of $32.24.

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.