Universal Music Group (OTCMKTS:UMGNF – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports. The Goldman Sachs Group initiated coverage on shares of Universal Music Group in a research note on Monday, July 20th. Get Universal Music Group alerts:Get Our Latest Analysis on Universal Music GroupUniversal Music Group Stock Up 1.6%Universal Music Group Company ProfileShares of Universal Music Group stock opened at $17.32 on Wednesday. (Get Free Report)Universal Music Group (OTCMKTS:UMGNF) is one of the world’s leading music entertainment companies, engaged in recorded music, music publishing, merchandising and brand partnerships. Recommended StoriesReceive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.