TipRanksStock Market NewsUniversal Music Group (UMGNF) Gets a Buy Rating from Kepler Capital

Universal Music Group (UMGNF) Gets a Buy Rating from Kepler Capital

Kepler Capital analyst Conor O’Shea maintained a Buy rating on Universal Music Group (UMGNFResearch Report) on July 20 and set a price target of EUR24.00. The company’s shares closed last Thursday at $22.07.

According to TipRanks.com, O’Shea is ranked #812 out of 7943 analysts.

Universal Music Group has an analyst consensus of Strong Buy, with a price target consensus of $26.76, implying a 22.6% upside from current levels. In a report issued on July 14, UBS also maintained a Buy rating on the stock with a EUR29.00 price target.

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Universal Music Group NV is a music entertainment company. It is engaged in three main operating businesses: recorded music; music publishing; and merchandising. The company’s recorded music business discovers and develops artists, supports the creation of audio and audiovisual content by artists, and markets, distributes, sells and licenses such content to consumers across a wide array of formats and platforms.

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