Universal Music Group (OTCMKTS:UMGNF) Receives Consensus Rating of “Hold” from Analysts

Shares of Universal Music Group (OTCMKTS:UMGNF) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Separately, Citigroup reiterated a “neutral” rating on shares of Universal Music Group in a report on Thursday, May 1st.

Universal Music Group Trading Down 1.1 %

Universal Music Group stock opened at $30.03 on Tuesday. The company’s 50 day moving average is $27.75 and its two-hundred day moving average is $26.58. Universal Music Group has a 52-week low of $22.53 and a 52-week high of $31.89.

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.