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

Shares of Universal Music Group (OTCMKTS:UMGNF) have been given an average recommendation of “Hold” by 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.

A number of equities analysts recently commented on UMGNF shares. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. BNP Paribas raised shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 29th.

Universal Music Group Stock Down 1.2 %

Shares of OTCMKTS:UMGNF opened at $23.65 on Wednesday. The business has a fifty day simple moving average of $25.39 and a 200 day simple moving average of $27.24. 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.