Universal Music Group (OTCMKTS:UMGNF) Raised to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of Universal Music Group (OTCMKTS:UMGNF) from a neutral rating to an outperform rating in a research note published on Thursday morning, MarketBeat Ratings reports.

Several other equities research analysts have also commented on the stock. Guggenheim lowered shares of Universal Music Group from a buy rating to a neutral rating in a research note on Thursday, July 25th. HSBC upgraded Universal Music Group from a reduce rating to a hold rating in a report on Monday, May 20th. Barclays lowered Universal Music Group from an overweight rating to an equal weight rating in a research report on Thursday, July 25th. Wells Fargo & Company cut Universal Music Group from an overweight rating to an equal weight rating in a research note on Thursday, July 25th. Finally, Wolfe Research initiated coverage on shares of Universal Music Group in a research report on Friday, July 12th. They set a peer perform rating for the company. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $26.50.

Universal Music Group Trading Up 0.4 %

Shares of UMGNF stock opened at $26.99 on Thursday. The firm has a 50-day moving average of $27.26 and a 200-day moving average of $29.05. Universal Music Group has a one year low of $22.53 and a one year high of $32.24.

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.