Universal Music Group (OTCMKTS:UMGNF – Get Free Report) has received an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.
UMGNF has been the topic of several analyst reports. Wolfe Research assumed coverage on Universal Music Group in a research report on Friday, July 12th. They set a “peer perform” rating on the stock. Kepler Capital Markets cut shares of Universal Music Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Citigroup downgraded shares of Universal Music Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Wells Fargo & Company cut shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 25th. Finally, HSBC raised Universal Music Group from a “reduce” rating to a “hold” rating in a research note on Monday, May 20th.
Check Out Our Latest Research Report on UMGNF
Universal Music Group Trading Up 2.2 %
Universal Music Group Company Profile
Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations.
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