Universal Music Group (OTCMKTS:UMGNF) Receives Average Rating of “Hold” from Brokerages

Universal Music Group (OTCMKTS:UMGNF) has been given an average rating of “Hold” by the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company.

A number of research firms have weighed in on UMGNF. Morgan Stanley reiterated an “overweight” rating on shares of Universal Music Group in a research note on Tuesday. Zacks Research lowered Universal Music Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, The Goldman Sachs Group started coverage on Universal Music Group in a research report on Monday, July 20th. They set a “hold” rating for the company.

Universal Music Group Price Performance

Shares of Universal Music Group stock opened at $18.00 on Friday. Universal Music Group has a 1 year low of $16.27 and a 1 year high of $30.04. The firm has a fifty day moving average price of $20.66 and a 200 day moving average price of $21.82.

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.