Universal Music Group (OTCMKTS:UMGNF) Receives Average Rating of “Hold” from Analysts

Shares of Universal Music Group (OTCMKTS:UMGNF) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

UMGNF has been the topic of several analyst reports. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, October 15th. BNP Paribas upgraded shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th.

Universal Music Group Price Performance

Shares of OTCMKTS UMGNF opened at $24.24 on Wednesday. Universal Music Group has a 1-year low of $22.53 and a 1-year high of $32.24. The business’s 50 day moving average is $25.28 and its two-hundred day moving average is $27.10.

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.