Universal Music Group (OTCMKTS:UMGNF – Get Free Report) is projected to release its results after the market closes on Thursday, October 29th. Analysts expect the company to post earnings of $0.4774 per share and revenue of $7.09 billion for the quarter.
Universal Music Group Price Performance
Shares of OTCMKTS UMGNF opened at $18.25 on Wednesday. The business’s 50 day moving average is $16.94 and its two-hundred day moving average is $20.57. Universal Music Group has a 1-year low of $15.21 and a 1-year high of $27.65.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on UMGNF shares. Barclays raised Universal Music Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 2nd. Zacks Research raised Universal Music Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Citigroup started coverage on Universal Music Group in a report on Monday, August 17th. They set a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Universal Music Group in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group began coverage on Universal Music Group in a research report on Monday, July 20th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Report on UMGNF
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.
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