Omnicom Group (OMC) Receives Price Target

Omnicom Group (OMC) : The most positive equity analysts on Omnicom Group (OMC) expects the shares to touch $86, whereas, the least positive believes that the stock will trade at $69 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $81.33 with an expected fluctuation of $6.38 from the mean.

Omnicom Group (OMC) : 1 brokerage houses believe that Omnicom Group (OMC) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Omnicom Group (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 Hold with a rating of 2.71.


Omnicom Group (NYSE:OMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.25 and $85.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.25, notching a gain of 0.14% for the day. The total traded volume was 859,835 . The stock had closed at $86.13 on the previous day.

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.

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