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

Universal Music Group (OTCMKTS:UMGNF) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities research analysts recently issued reports on the stock. Guggenheim upgraded shares of Universal Music Group from a “neutral” rating to a “buy” rating in a report on Tuesday, March 31st. Wells Fargo & Company cut shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Monday, April 6th.

Universal Music Group Stock Performance

Shares of UMGNF stock opened at $20.69 on Friday. Universal Music Group has a 12-month low of $17.36 and a 12-month high of $33.77. The firm’s 50 day moving average is $22.34 and its 200 day moving average is $22.92.

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.