Universal Music Group (OTCMKTS:UMGNF) Given Average Recommendation of “Hold” by Analysts

Shares of Universal Music Group (OTCMKTS:UMGNF) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

UMGNF has been the subject of several recent analyst reports. Wolfe Research upgraded shares of Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. BNP Paribas raised Universal Music Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 29th.

Universal Music Group Stock Performance

OTCMKTS:UMGNF opened at $25.64 on Friday. The company’s 50-day simple moving average is $24.95 and its 200-day simple moving average is $26.44. Universal Music Group has a fifty-two week low of $22.53 and a fifty-two week high of $32.24.

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.