Universal Music Group (OTCMKTS:UMGNF – Get Free Report)’s share price dropped 1% during trading on Thursday . The stock traded as low as $25.6065 and last traded at $25.75. Approximately 30,120 shares changed hands during mid-day trading, an increase of 151% from the average daily volume of 11,986 shares. The stock had previously closed at $26.02.
Wall Street Analysts Forecast Growth
Separately, Citigroup upgraded Universal Music Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Universal Music Group currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on UMGNF
Universal Music Group Stock Performance
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.
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