Universal Music Group (OTCMKTS:UMGNF) Receives Consensus Recommendation of “Hold” from Analysts

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

A number of equities research analysts have recently weighed in on the stock. Citigroup lowered shares of Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Wells Fargo & Company downgraded Universal Music Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 25th. BNP Paribas upgraded shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 29th. Guggenheim cut Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, Wolfe Research raised shares of Universal Music Group from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, October 15th.

Universal Music Group Price Performance

Shares of OTCMKTS UMGNF opened at $25.68 on Friday. The stock’s 50-day moving average is $25.97 and its 200 day moving average is $27.92. Universal Music Group has a 1-year low of $22.53 and a 1-year high of $32.24.

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.