Universal Music Group (OTCMKTS:UMGNF) Receives Consensus Rating of “Hold” from Brokerages

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

Several research firms recently commented on UMGNF. BNP Paribas raised Universal Music Group from a “neutral” rating to an “outperform” rating in a report on Thursday, August 29th. Wolfe Research raised shares of Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th.

Universal Music Group Stock Performance

UMGNF stock opened at $25.42 on Friday. Universal Music Group has a fifty-two week low of $22.53 and a fifty-two week high of $32.24. The company’s 50 day moving average price is $24.96 and its 200 day moving average price is $26.52.

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.