Universal Music Group (OTCMKTS:UMGNF) Lowered to Equal Weight at Barclays

Barclays cut shares of Universal Music Group (OTCMKTS:UMGNF) from an overweight rating to an equal weight rating in a research note published on Thursday, MarketBeat Ratings reports.

UMGNF has been the subject of several other reports. Wolfe Research assumed coverage on shares of Universal Music Group in a research report on Friday, July 12th. They issued a peer perform rating for the company. HSBC raised shares of Universal Music Group from a reduce rating to a hold rating in a research report on Monday, May 20th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $26.50.

Universal Music Group Price Performance

Universal Music Group stock opened at $23.38 on Thursday. Universal Music Group has a 1 year low of $22.60 and a 1 year high of $32.24. The firm has a 50-day moving average of $30.25 and a two-hundred day moving average of $29.89.

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.