Universal Music Group (UMGNF) – What Are Investment Firms Thinking About This Stock?

Universal Music Group (OTCMKTS:UMGNF) has earned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company.

Several equities research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Universal Music Group in a report on Monday, August 17th. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Universal Music Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Barclays raised Universal Music Group from an “equal weight” rating to an “overweight” rating in a report on Friday, October 2nd. HSBC lowered shares of Universal Music Group from a “hold” rating to a “reduce” rating in a report on Thursday, August 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Universal Music Group in a report on Tuesday, August 4th.

Universal Music Group Trading Up 3.3%

Shares of Universal Music Group stock opened at $18.25 on Friday. The stock has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $20.57. Universal Music Group has a 12-month low of $15.21 and a 12-month high of $27.65.

About Universal Music Group

Universal Music Group N.V. is a global music-based entertainment company that develops, records, distributes and promotes music. Its operations include recorded music, music publishing, merchandising and brand management, with a catalog spanning a broad range of genres, artists and historical recordings.

The company operates through a portfolio of record labels and brands, including Republic Records, Interscope Geffen A&M, Capitol Music Group, Island Records, Def Jam Recordings, Motown Records and Verve Label Group.