Universal Music Group (OTCMKTS:UMGNF) Given Consensus Rating of “Hold” by Analysts

Shares of Universal Music Group (OTCMKTS:UMGNF) have received an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

UMGNF has been the subject of a number of recent analyst reports. Guggenheim cut Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Citigroup lowered shares of Universal Music Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Wells Fargo & Company downgraded shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 25th. Barclays cut shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 25th. Finally, Kepler Capital Markets lowered shares of Universal Music Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

Universal Music Group Price Performance

Shares of OTCMKTS UMGNF opened at $25.31 on Friday. Universal Music Group has a 1 year low of $22.53 and a 1 year high of $32.24. The firm has a 50-day simple moving average of $26.24 and a two-hundred day simple moving average of $28.77.

About Universal Music Group

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.