Universal Music Group (OTCMKTS:UMGNF – Get Free Report)’s stock price dropped 2.3% during trading on Tuesday . The company traded as low as $24.19 and last traded at $24.19. Approximately 10,588 shares changed hands during trading, a decline of 44% from the average daily volume of 18,761 shares. The stock had previously closed at $24.77.
Analysts Set New Price Targets
Separately, Wolfe Research upgraded Universal Music Group from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Music Group currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on UMGNF
Universal Music Group Price Performance
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.
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