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

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

UMGNF has been the topic of a number of recent research reports. Barclays cut shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 25th. Guggenheim downgraded Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. HSBC upgraded Universal Music Group from a “reduce” rating to a “hold” rating in a report on Monday, May 20th. Citigroup cut shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, Kepler Capital Markets downgraded shares of Universal Music Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Universal Music Group Trading Up 1.4 %

UMGNF opened at $24.62 on Monday. The stock has a fifty day simple moving average of $28.19 and a two-hundred day simple moving average of $29.29. Universal Music Group has a 12-month low of $22.53 and a 12-month 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.