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