Universal Music Group (OTCMKTS:UMGNF – Get Free Report) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company.
Several analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Universal Music Group in a report on Monday, July 20th. They issued a “hold” rating on the stock. HSBC downgraded Universal Music Group from a “hold” rating to a “reduce” rating in a research note on Thursday. Zacks Research lowered shares of Universal Music Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Universal Music Group in a research note on Tuesday, August 4th.
Check Out Our Latest Stock Analysis on Universal Music Group
Universal Music Group Stock Up 3.1%
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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