Universal Music Group (OTCMKTS:UMGNF) Shares Up 0.2% – Here’s Why

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

Analyst Upgrades and Downgrades

UMGNF has been the subject of a number of research reports. BNP Paribas upgraded Universal Music Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 29th. Wolfe Research raised Universal Music Group from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Universal Music Group currently has an average rating of “Hold”.

Universal Music Group Price Performance

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

Universal Music Group Company Profile

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.