Universal Music Group (OTCMKTS:UMGNF) Downgraded by Kepler Capital Markets

Kepler Capital Markets cut shares of Universal Music Group (OTCMKTS:UMGNF) from a buy rating to a hold rating in a report released on Thursday, MarketBeat.com reports.

UMGNF has been the topic of several other research reports. HSBC raised shares of Universal Music Group from a reduce rating to a hold rating in a research report on Monday, May 20th. Barclays cut shares of Universal Music Group from an overweight rating to an equal weight rating in a research report on Thursday. Finally, Wolfe Research started coverage on shares of Universal Music Group in a research report on Friday, July 12th. They issued a peer perform rating on the stock. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $26.50.

Universal Music Group Trading Down 2.6 %

Shares of Universal Music Group stock opened at $23.38 on Thursday. The business has a 50-day moving average price of $30.25 and a two-hundred day moving average price of $29.88. Universal Music Group has a 1-year low of $22.60 and a 1-year 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.