Universal Music Group (OTCMKTS:UMGNF – Get Free Report) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, Marketbeat reports.
Other equities analysts also recently issued reports about the stock. Wolfe Research initiated coverage on shares of Universal Music Group in a report on Friday, July 12th. They set a “peer perform” rating on the stock. HSBC upgraded Universal Music Group from a “reduce” rating to a “hold” rating in a research note on Monday, May 20th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Universal Music Group has a consensus rating of “Hold” and a consensus target price of $26.18.
Check Out Our Latest Stock Analysis on UMGNF
Universal Music Group Stock Performance
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.
See Also
- Five stocks we like better than Universal Music Group
- What is a Special Dividend?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Investing in large cap stocks: Diving into big caps
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- What Do S&P 500 Stocks Tell Investors About the Market?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.