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

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

A number of equities analysts have issued reports on UMGNF shares. Kepler Capital Markets downgraded Universal Music Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. BNP Paribas upgraded Universal Music Group from a “neutral” rating to an “outperform” rating in a report on Thursday, August 29th. Wolfe Research upgraded Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th. Guggenheim downgraded Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Barclays downgraded Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 25th.

Universal Music Group Stock Down 2.5 %

Shares of UMGNF stock opened at $25.05 on Friday. The stock has a fifty day moving average of $25.94 and a 200 day moving average of $27.88. Universal Music Group has a 52 week low of $22.53 and a 52 week 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.