Universal Music Group (OTCMKTS:UMGNF) Receives Consensus Recommendation of “Hold” from Brokerages

Universal Music Group (OTCMKTS:UMGNF) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

Separately, Wolfe Research raised shares of Universal Music Group from a “peer perform” rating to an “outperform” rating in a report on Tuesday, October 15th.

Universal Music Group Stock Down 0.2 %

Shares of OTCMKTS UMGNF opened at $25.90 on Friday. Universal Music Group has a 1 year low of $22.53 and a 1 year high of $32.24. The stock’s 50-day simple moving average is $24.93 and its 200-day simple moving average is $26.32.

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.