Universal Music Group (UMGNF) Projected to Post Quarterly Earnings on Thursday

Universal Music Group (OTCMKTS:UMGNF) is expected to be releasing its results before the market opens on Thursday, March 5th. Analysts expect Universal Music Group to post earnings of $0.57 per share and revenue of $4.0177 billion for the quarter.

Universal Music Group Stock Performance

Shares of Universal Music Group stock opened at $21.97 on Thursday. The business has a 50-day moving average of $24.71 and a 200 day moving average of $26.37. Universal Music Group has a 12 month low of $21.70 and a 12 month high of $33.77.

Analyst Ratings Changes

UMGNF has been the subject of several recent research reports. Moffett Nathanson assumed coverage on shares of Universal Music Group in a report on Tuesday, January 27th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Universal Music Group in a research report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Universal Music Group Company Profile

Universal Music Group (OTCMKTS:UMGNF) is one of the world’s leading music entertainment companies, engaged in recorded music, music publishing, merchandising and brand partnerships. The company’s recorded music division encompasses a roster of major labels—such as Interscope Geffen A&M, Capitol Music Group, Republic Records, Island Records and Decca—and works with a diverse array of artists across genres ranging from pop and hip-hop to classical and jazz. Its music publishing arm, Universal Music Publishing Group, administers and exploits compositions by both established songwriters and emerging talent, providing licensing services for film, television, advertising and digital platforms.

Headquartered in Santa Monica, California, Universal Music Group operates on a truly global scale with regional offices in North America, Europe, Latin America, Asia-Pacific and Africa.