Zacks Research upgraded shares of Universal Music Group (OTCMKTS:UMGNF – Free Report) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks reports.
UMGNF has been the subject of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Universal Music Group in a research report on Monday, July 20th. They set a “hold” rating for the company. HSBC downgraded Universal Music Group from a “hold” rating to a “reduce” rating in a research report on Thursday, August 13th. Citigroup started coverage on Universal Music Group in a research note on Monday, August 17th. They set a “buy” rating for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Universal Music Group in a research report on Tuesday, August 4th. Four equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Universal Music Group
Universal Music Group Stock Down 3.1%
About Universal Music Group
Universal Music Group N.V. (OTCMKTS:UMGNF) is a global music and entertainment company headquartered in Hilversum, the Netherlands. Its businesses span recorded music, music publishing, artist services, merchandising, brand partnerships and audiovisual content.
Through its recorded-music operations, Universal Music Group signs and develops artists, releases music and manages catalogs across a broad range of genres. Its portfolio includes labels such as Capitol Music Group, Republic Records, Interscope Geffen A&M, Island Records, Def Jam Recordings, Motown Records and Universal Music Latin Entertainment.
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