Universal Music Group (OTCMKTS:UMGNF – Get Free Report) is anticipated to issue its results before the market opens on Thursday, March 5th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $4.0177 billion for the quarter.
Universal Music Group Price Performance
Shares of UMGNF opened at $21.97 on Thursday. Universal Music Group has a 12-month low of $21.70 and a 12-month high of $33.77. The firm has a 50-day moving average price of $24.71 and a 200 day moving average price of $26.37.
Analysts Set New Price Targets
Several research firms have recently weighed in on UMGNF. Morgan Stanley reissued an “overweight” rating on shares of Universal Music Group in a research note on Friday, January 9th. Moffett Nathanson began coverage on Universal Music Group in a report on Tuesday, January 27th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
About Universal Music Group
Universal Music Group (OTCMKTS:UMGNF) is one of the world’s leading music entertainment companies, engaged in recorded music, music publishing, merchandising and brand partnerships. The company’s recorded music division encompasses a roster of major labels—such as Interscope Geffen A&M, Capitol Music Group, Republic Records, Island Records and Decca—and works with a diverse array of artists across genres ranging from pop and hip-hop to classical and jazz. Its music publishing arm, Universal Music Publishing Group, administers and exploits compositions by both established songwriters and emerging talent, providing licensing services for film, television, advertising and digital platforms.
Headquartered in Santa Monica, California, Universal Music Group operates on a truly global scale with regional offices in North America, Europe, Latin America, Asia-Pacific and Africa.
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