Universal Music Group (OTCMKTS:UMGNF) Upgraded by Citigroup to Buy Rating

Citigroup upgraded shares of Universal Music Group (OTCMKTS:UMGNF) from a neutral rating to a buy rating in a report released on Tuesday morning, MarketBeat reports.

Separately, UBS Group downgraded shares of Universal Music Group from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Universal Music Group Stock Up 2.3%

UMGNF stock opened at $29.41 on Tuesday. The company has a 50-day simple moving average of $29.89 and a 200 day simple moving average of $29.44. Universal Music Group has a fifty-two week low of $23.00 and a fifty-two week high of $33.77.

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.