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

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

UMGNF has been the subject of several recent research reports. Guggenheim downgraded shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Wolfe Research upgraded Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. Kepler Capital Markets lowered Universal Music Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company lowered shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th. Finally, Citigroup downgraded shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th.

Universal Music Group Trading Down 2.3 %

Shares of OTCMKTS:UMGNF opened at $24.70 on Friday. Universal Music Group has a 1-year low of $22.53 and a 1-year high of $32.24. The firm has a fifty day moving average price of $25.92 and a 200 day moving average price of $27.86.

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.