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

Shares of Universal Music Group (OTCMKTS:UMGNF) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on UMGNF shares. Guggenheim upgraded shares of Universal Music Group from a “neutral” rating to a “buy” rating in a report on Tuesday, March 31st. Wells Fargo & Company lowered shares of Universal Music Group from an “overweight” rating to an “equal weight” rating in a report on Monday, April 6th.

Universal Music Group Trading Up 3.5%

Shares of Universal Music Group stock opened at $22.96 on Tuesday. Universal Music Group has a 1 year low of $17.36 and a 1 year high of $33.77. The company has a 50 day simple moving average of $22.10 and a two-hundred day simple moving average of $23.52.

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.