Omnicom Group (OMC) Rating Increased to B- at TheStreet

Omnicom Group (NYSE:OMC) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Tuesday.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Barclays reissued a “hold” rating and issued a $81.00 target price on shares of Omnicom Group in a report on Thursday, January 25th. BMO Capital Markets reissued a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a report on Wednesday, October 18th. Morgan Stanley lowered Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price on the stock. in a report on Monday, October 16th. Finally, Royal Bank of Canada dropped their target price on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $83.64.

Omnicom Group (NYSE:OMC) opened at $82.78 on Tuesday. The stock has a market capitalization of $18,341.18, a P/E ratio of 16.49, a PEG ratio of 2.59 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $86.71.

In related news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Scotia Capital Inc. boosted its position in Omnicom Group by 5.3% during the fourth quarter. Scotia Capital Inc. now owns 15,287 shares of the business services provider’s stock worth $1,113,000 after purchasing an additional 775 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Omnicom Group by 1.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,420 shares of the business services provider’s stock worth $3,735,000 after purchasing an additional 804 shares in the last quarter. Creative Planning boosted its position in Omnicom Group by 17.4% during the fourth quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock worth $402,000 after purchasing an additional 817 shares in the last quarter. Union Bankshares Corp boosted its position in Omnicom Group by 2.9% during the fourth quarter. Union Bankshares Corp now owns 29,208 shares of the business services provider’s stock worth $2,127,000 after purchasing an additional 830 shares in the last quarter. Finally, MUFG Americas Holdings Corp boosted its position in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after purchasing an additional 847 shares in the last quarter. 98.62% of the stock is currently owned by hedge funds and other institutional investors.

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Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all 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.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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