Universal Music Group (OTCMKTS:UMGNF – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.
Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Universal Music Group in a research note on Monday, July 20th. They set a “hold” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Universal Music Group in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Universal Music Group
Universal Music Group Trading Up 1.6%
About Universal Music Group
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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