Omnicom Group (NYSE:OMC) : 2 brokerage houses believe that Omnicom Group (NYSE:OMC) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Omnicom Group (NYSE:OMC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.43.
Omnicom Group (NYSE:OMC) : The highest level Omnicom Group (NYSE:OMC) is projected to reach is $90 for the short term and the lowest estimate is at $69. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $81.6 and the possibility the share price can swing is $7.89.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Barclays downgrades the rating on Omnicom Group (NYSE:OMC). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency raises the price target from $82 per share to $90 per share. The rating by the firm was issued on April 20, 2016.
Omnicom Group (NYSE:OMC): stock turned positive on Tuesday. Though the stock opened at $78.27, the bulls momentum made the stock top out at $78.9 level for the day. The stock recorded a low of $77.87 and closed the trading day at $78.83, in the green by 1.62%. The total traded volume for the day was 1,634,655. The stock had closed at $77.57 in the previous days trading.
In an insider trading activity, The director officer (Chairman), of Omnicom Group Inc., Crawford Bruce had unloaded 22,800 shares at $84.31 per share in a transaction on June 9, 2016. The total value of transaction was $1,922,268. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.