Omnicom Group (OMC) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $90 and the lowest price target forecast is $69. The average forecast of all the analysts is $81.6 and the expected standard deviation is $7.89.
Omnicom Group (OMC) stated loss of 344,810 shares or 1.8% in the short interest. The short interest registered from 18,694,424 on June 15,2016 to 18,349,614 on June 30,2016. In terms of floated shares, the shorted positions stood at 7.8%. The stock has been averaging 1,800,607 shares daily in trading and would need 10 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Brokerage Firm, Barclays, downgrades their rating on the shares of Omnicom Group (NYSE:OMC). Barclays has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $90 per share from a prior target of $82. The rating by the firm was issued on April 20, 2016.
Omnicom Group (NYSE:OMC): On Thursdays trading session , Opening price of the stock was $83.09 with an intraday high of $83.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $82.12. However, the stock managed to close at $83.12, a loss of 2.17% for the day. On the previous day, the stock had closed at $84.96. The total traded volume of the day was 2,778,548 shares.
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.