Interpublic Group of Companies (The) (IPG) : Analyst Rating Update

Interpublic Group of Companies (The) (IPG) : Zacks Investment Research ranks Interpublic Group of Companies (The) (IPG) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 6 research analysts is 1.17, which indicates as a Strong Buy.

Interpublic Group of Companies (The) (IPG) : 5 investment research analysts covering Interpublic Group of Companies (The) (IPG) have an average price target of $26.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $24 for the short term. Analysts expect the variance to be within $1.48 of the average price.

Interpublic Group of Companies (The) (NYSE:IPG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.82 and $22.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.09, notching a gain of 0.52% for the day. The total traded volume was 2,835,593 . The stock had closed at $22.97 on the previous day.

The company shares have rallied 20.89% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $24.82 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $23.64 and the 200 Day Moving Average price is recorded at $22.64.

The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup, Foote, Cone & Belding, Lowe and Partners, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies, including Hill Holliday, Carmichael Lynch, Dailey, Tierney and Mullen, provide a range of advertising, marketing communications services and/or marketing services. CMG, which includes Weber Shandwick, Cassidy, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide, provides diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting.

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