Universal Music Group (OTC:UMGNF) Given Consensus Rating of “Moderate Buy” by Analysts

Universal Music Group (OTC:UMGNFGet Rating) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $25.40.

A number of equities research analysts have recently commented on UMGNF shares. Credit Suisse Group lowered their price objective on Universal Music Group to €24.00 ($24.74) in a research report on Monday, October 31st. JPMorgan Chase & Co. lowered their price objective on Universal Music Group from €30.00 ($30.93) to €29.00 ($29.90) and set an “overweight” rating for the company in a research report on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Universal Music Group from €29.00 ($29.90) to €25.00 ($25.77) and set a “buy” rating for the company in a research report on Tuesday, October 25th.

Universal Music Group Price Performance

Universal Music Group stock opened at $21.27 on Friday. The stock has a fifty day moving average of $19.19 and a two-hundred day moving average of $20.52. Universal Music Group has a fifty-two week low of $16.35 and a fifty-two week high of $29.25.

Universal Music Group Company Profile

(Get Rating)

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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Analyst Recommendations for Universal Music Group (OTC:UMGNF)

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