Universal Music Group (OTCMKTS:UMGNF – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.
A number of other research analysts also recently issued reports on UMGNF. Morgan Stanley restated an “overweight” rating on shares of Universal Music Group in a research report on Tuesday, August 4th. HSBC lowered shares of Universal Music Group from a “hold” rating to a “reduce” rating in a research note on Thursday, August 13th. The Goldman Sachs Group began coverage on shares of Universal Music Group in a research note on Monday, July 20th. They set a “hold” rating for the company. Finally, Citigroup started coverage on shares of Universal Music Group in a report on Monday, August 17th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.
View Our Latest Stock Analysis on Universal Music Group
Universal Music Group Trading Down 3.1%
Universal Music Group Company Profile
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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