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

Universal Music Group (OTCMKTS:UMGNF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company.

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

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Universal Music Group Stock Performance

Universal Music Group stock opened at $20.66 on Friday. The company has a 50-day simple moving average of $22.45 and a 200-day simple moving average of $22.97. Universal Music Group has a one year low of $17.36 and a one year high of $33.77.

About Universal Music Group

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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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