Universal Music Group (OTCMKTS:UMGNF) Lifted to Hold at HSBC

HSBC upgraded shares of Universal Music Group (OTCMKTS:UMGNF) from a reduce rating to a hold rating in a report published on Monday, Marketbeat Ratings reports.

Universal Music Group Stock Up 3.2 %

Shares of UMGNF opened at $31.32 on Monday. Universal Music Group has a fifty-two week low of $19.70 and a fifty-two week high of $32.24. The business’s 50-day moving average is $29.96 and its two-hundred day moving average is $28.84.

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.