Universal Music Group (OTCMKTS:UMGNF) Given Average Recommendation of “Hold” by Brokerages

Shares of Universal Music Group (OTCMKTS:UMGNF) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several analysts recently commented on the company. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th. BNP Paribas raised shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a report on Thursday, August 29th.

Universal Music Group Stock Up 0.6 %

Shares of UMGNF opened at $25.64 on Friday. The business’s 50-day moving average is $24.95 and its two-hundred day moving average is $26.44. Universal Music Group has a fifty-two week low of $22.53 and a fifty-two week 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.