Universal Music Group (OTCMKTS:UMGNF) Trading Up 0.2% – Time to Buy?

Universal Music Group (OTCMKTS:UMGNF) traded up 0.2% during mid-day trading on Monday . The stock traded as high as $24.08 and last traded at $23.95. 9,865 shares traded hands during trading, a decline of 43% from the average session volume of 17,319 shares. The stock had previously closed at $23.90.

Analyst Ratings Changes

Several analysts have weighed in on the company. 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 upgraded shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Universal Music Group Stock Performance

The firm’s 50 day simple moving average is $25.42 and its 200-day simple moving average is $27.29.

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.