Universal Music Group (OTC:UMGNF) PT Raised to €25.50 at Credit Suisse Group

Universal Music Group (OTC:UMGNFGet Rating) had its price target lifted by Credit Suisse Group to €25.50 ($27.72) in a research note published on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Universal Music Group from €29.00 ($31.52) to €29.20 ($31.74) and gave the company an overweight rating in a research report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Universal Music Group from €29.00 ($31.52) to €25.00 ($27.17) and set a buy rating on the stock in a research report on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $25.74.

Universal Music Group Trading Down 0.0 %

Shares of UMGNF stock opened at $25.32 on Monday. Universal Music Group has a 52-week low of $16.35 and a 52-week high of $27.51. The business’s fifty day moving average is $23.90 and its 200 day moving average is $21.42.

Universal Music Group Company Profile

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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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