Universal Music Group (OTCMKTS:UMGNF – Get Free Report) is anticipated to release 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 Price Performance
Shares of OTCMKTS:UMGNF opened at $21.98 on Wednesday. The business has a 50-day simple moving average of $24.42 and a two-hundred day simple moving average of $26.18. Universal Music Group has a fifty-two week low of $21.54 and a fifty-two week high of $33.77.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on UMGNF. Moffett Nathanson began coverage on shares of Universal Music Group in a report on Tuesday, January 27th. They set a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Universal Music Group in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Universal Music Group has a consensus rating of “Moderate Buy”.
About Universal Music Group
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
- Five stocks we like better than Universal Music Group
- New Copper-Rich “Kraken” Zone Discovered
- Silver Is the New Oil—And the World’s Running Dry
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- Silver’s squeeze is tightening – opportunity forming
Receive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.
