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

Universal Music Group (OTCMKTS:UMGNF) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

UMGNF has been the topic of a number of recent analyst reports. Wolfe Research upgraded 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 Stock Up 1.7 %

UMGNF stock opened at $24.24 on Wednesday. The firm’s 50-day simple moving average is $25.28 and its 200 day simple moving average is $27.15. 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.