Universal Music Group (OTCMKTS:UMGNF) Stock Price Up 0.2% – Still a Buy?

Universal Music Group (OTCMKTS:UMGNF) shares traded up 0.2% during mid-day trading on Monday . The stock traded as high as $24.08 and last traded at $23.95. 9,865 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 17,319 shares. The stock had previously closed at $23.90.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. BNP Paribas upgraded shares of Universal Music Group from a “neutral” rating to an “outperform” rating in a report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Universal Music Group Stock Up 0.8 %

The stock has a 50 day simple moving average of $25.34 and a 200 day simple moving average of $27.22.

About Universal Music Group

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.