Analysts Offer Insights on Communication Services Companies: Universal Music Group (OtherUMGNF) and Fox (FOX)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Universal Music Group (UMGNF – Research Report) and Fox (FOX – Research Report).
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Universal Music Group (UMGNF)
In a report released yesterday, Michael Morris from Guggenheim maintained a Hold rating on Universal Music Group. The company’s shares closed last Monday at $22.47.
According to TipRanks.com, Morris is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Universal Music Group with a $34.27 average price target, which is a 49.0% upside from current levels. In a report issued on February 9, Barclays also maintained a Hold rating on the stock with a EUR27.00 price target.
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Fox (FOX)
Seaport Global analyst David Joyce upgraded Fox to Buy yesterday and set a price target of $64.00. The company’s shares closed last Monday at $50.85, close to its 52-week high of $55.00.
According to TipRanks.com, Joyce is a 5-star analyst with an average return of
Fox has an analyst consensus of Moderate Buy, with a price target consensus of $64.00, a 23.4% upside from current levels. In a report issued on February 15, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $57.00 price target.
