Universal Music Group (OTCMKTS:UMGNF) Lifted to Outperform at BNP Paribas

Universal Music Group (OTCMKTS:UMGNF) was upgraded by BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat reports.

UMGNF has been the subject of several other reports. Kepler Capital Markets downgraded Universal Music Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Guggenheim downgraded Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Citigroup lowered Universal Music Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Wolfe Research assumed coverage on Universal Music Group in a research report on Friday, July 12th. They set a “peer perform” rating on the stock. Finally, HSBC upgraded Universal Music Group from a “reduce” rating to a “hold” rating in a research report on Monday, May 20th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

Universal Music Group Stock Up 0.4 %

OTCMKTS UMGNF opened at $26.99 on Thursday. Universal Music Group has a 52 week low of $22.53 and a 52 week high of $32.24. The firm’s 50-day simple moving average is $27.31 and its two-hundred day simple moving average is $29.07.

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.