Omnicom Group (OMC) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 86 from a previous price target of $79 . Telsey Advisory Group advised their investors in a research report released on Jul 20, 2016.
On the company’s financial health, Omnicom Group reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.33. The company had revenue of $3884.90 million for the quarter, compared to analysts expectations of $3906.11 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.
Omnicom Group opened for trading at $82.72 and hit $83.35 on the upside on Monday, eventually ending the session at $83.04, with a gain of 0.31% or 0.26 points. The heightened volatility saw the trading volume jump to 10,43,419 shares. Company has a market cap of $19,743 M.
In a different news, on Jun 10, 2016, Bruce Crawford (Chairman) sold 22,800 shares at $84.31 per share price. According to the SEC, on May 26, 2016, John Wren (President and CEO) sold 35,104 shares at $82.31 per share price. On Feb 18, 2016, Errol M Cook (director) sold 7,417 shares at $74.13 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.