Universal Music Group (OTCMKTS:UMGNF) Stock Rating Lowered by Kepler Capital Markets

Kepler Capital Markets lowered shares of Universal Music Group (OTCMKTS:UMGNF) from a buy rating to a hold rating in a research note published on Thursday morning, MarketBeat Ratings reports.

Several other analysts have also recently issued reports on the company. Barclays cut Universal Music Group from an overweight rating to an equal weight rating in a research note on Thursday. Wolfe Research assumed coverage on Universal Music Group in a research note on Friday, July 12th. They issued a peer perform rating on the stock. Finally, HSBC raised Universal Music Group from a reduce rating to a hold rating in a research note on Monday, May 20th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Universal Music Group presently has a consensus rating of Hold and a consensus price target of $26.50.

Universal Music Group Stock Down 2.6 %

Shares of OTCMKTS:UMGNF opened at $23.38 on Thursday. Universal Music Group has a 12-month low of $22.60 and a 12-month high of $32.24. The stock’s 50-day moving average price is $30.25 and its 200-day moving average price is $29.89.

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.