Universal Music Group (OTCMKTS:UMGNF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Universal Music Group (OTCMKTS:UMGNFGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of equities analysts have issued reports on UMGNF shares. Morgan Stanley restated an “overweight” rating on shares of Universal Music Group in a research report on Friday, January 9th. Moffett Nathanson assumed coverage on shares of Universal Music Group in a research report on Tuesday, January 27th. They issued a “buy” rating for the company. 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. Finally, Guggenheim upgraded shares of Universal Music Group from a “neutral” rating to a “buy” rating in a report on Tuesday, March 31st.

View Our Latest Stock Report on Universal Music Group

Universal Music Group Stock Performance

Shares of UMGNF opened at $23.11 on Friday. The company has a 50-day moving average of $21.36 and a two-hundred day moving average of $23.91. Universal Music Group has a 12-month low of $17.36 and a 12-month 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.

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Analyst Recommendations for Universal Music Group (OTCMKTS:UMGNF)

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