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

Universal Music Group (OTCMKTS:UMGNF) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

Several brokerages have recently issued reports on UMGNF. BNP Paribas upgraded shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th. Wolfe Research upgraded Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th.

Universal Music Group Price Performance

UMGNF stock opened at $25.42 on Friday. Universal Music Group has a 52-week low of $22.53 and a 52-week high of $32.24. The company’s 50-day simple moving average is $24.96 and its 200-day simple moving average is $26.52.

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.