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

Universal Music Group (OTCMKTS:UMGNF) has been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have commented on UMGNF. Wolfe Research raised shares of 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 report on Thursday, August 29th.

Universal Music Group Trading Up 1.7 %

OTCMKTS:UMGNF opened at $24.24 on Wednesday. The stock has a fifty day simple moving average of $25.28 and a 200 day simple moving average of $27.15. Universal Music Group has a 1-year low of $22.53 and a 1-year high of $32.24.

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.