Shares of Universal Music Group (OTCMKTS:UMGNF – Get Free Report) 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.
View Our Latest Stock Report on UMGNF
Universal Music Group Trading Down 1.4 %
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.
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