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

Shares of Universal Music Group (OTCMKTS:UMGNFGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

UMGNF has been the subject of several research reports. Zacks Research upgraded Universal Music Group to a “hold” rating in a research note on Thursday, July 2nd. Guggenheim upgraded Universal Music Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, Wells Fargo & Company downgraded shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Monday, April 6th.

Check Out Our Latest Analysis on UMGNF

Universal Music Group Price Performance

OTCMKTS:UMGNF opened at $20.80 on Wednesday. The business has a fifty day simple moving average of $21.92 and a two-hundred day simple moving average of $22.55. Universal Music Group has a 1 year low of $17.36 and a 1 year high of $33.77.

Universal Music Group Company Profile

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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.

Further Reading

Analyst Recommendations for Universal Music Group (OTCMKTS:UMGNF)

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