Omnicom Group (OMC) is Downgraded by Wells Fargo to Market Perform

Omnicom Group (OMC) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Telsey Advisory Group on Feb 10, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $74.50 .Company shares were Reiterated by Wedbush on Feb 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 81 from a previous price target of $80 .

On the company’s financial health, Omnicom Group reported $1.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.33. The company had revenue of $41536.30 million for the quarter, compared to analysts expectations of $4177.93 million. The company’s revenue was up 890.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Omnicom Group opened for trading at $83.52 and hit $84.24 on the upside on Monday, eventually ending the session at $83.33, with a gain of 0.22% or 0.18 points. The heightened volatility saw the trading volume jump to 12,53,029 shares. Company has a market cap of $19,965 M.

In a different news, on Feb 18, 2016, Errol M Cook (director) sold 7,417 shares at $74.13 per share price. According to the SEC, 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.

Omnicom Group

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