Universal Music Group (OTCMKTS:UMGNF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Universal Music Group (OTCMKTS:UMGNF) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

UMGNF has been the topic of several research reports. Guggenheim raised Universal Music Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 31st. Wells Fargo & Company lowered shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 6th.

Universal Music Group Price Performance

Shares of UMGNF opened at $21.03 on Friday. The business’s 50 day moving average is $22.55 and its two-hundred day moving average is $23.08. Universal Music Group has a 52-week low of $17.36 and a 52-week high of $33.77.

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.