Wells Fargo Downgrades Omnicom Group to Market Perform

Brokerage firm Wells Fargo Downgrades its rating on Omnicom Group(NYSE:OMC). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wells Fargo was issued on Apr 14, 2016.

In a different note, On Mar 21, 2016, JP Morgan said it Maintains its rating on Omnicom Group. In the research note, the firm Raises the price-target to $84.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 10, 2016, FBR Capital said it Maintains its rating on Omnicom Group. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Omnicom Group (OMC) made into the market gainers list on Mondays trading session with the shares advancing 1.13% or 0.95 points. Due to strong positive momentum, the stock ended at $85.25, which is also near the day’s high of $85.54. The stock began the session at $83.85 and the volume stood at 22,96,312 shares. The 52-week high of the shares is $85.54 and the 52 week low is $64.1216. The company has a current market capitalization of $20,425 M and it has 23,95,90,580 shares in outstanding.

Omnicom Group(OMC) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $4.15B. Analysts had an estimated revenue of $4.18B. Earnings per share were $1.35. Analysts had estimated an EPS of $1.33.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Errol M Cook (director) sold 7,417 shares at $74.13 per share price.Also, On Jul 27, 2015, Linda Johnson Rice (director) sold 225 shares at $74.15 per share price.On May 20, 2015, Dennis E. Hewitt (Treasurer) sold 1,500 shares at $78.15 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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 Company’s 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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