Universal Music Group (UMGNF) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Universal Music Group (OTCMKTS: UMGNF):

• 7/25/2024 – Universal Music Group was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
• 7/25/2024 – Universal Music Group was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating.
• 7/25/2024 – Universal Music Group was downgraded by analysts at Kepler Capital Markets from a “buy” rating to a “hold” rating.
• 7/25/2024 – Universal Music Group was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating.
• 7/25/2024 – Universal Music Group was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating.
• 7/12/2024 – Universal Music Group is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.

Universal Music Group Stock Down 0.2 %

Shares of UMGNF stock traded down $0.06 during trading hours on Tuesday, hitting $24.27. The company’s stock had a trading volume of 11,132 shares, compared to its average volume of 12,059. Universal Music Group has a twelve month low of $22.53 and a twelve month high of $32.24. The business has a fifty day moving average of $28.72 and a 200-day moving average of $29.46.

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.