Albert Fried & Company downgraded shares of Omnicom Group (NYSE:OMC) from a market perform rating to an underweight rating in a research note released on Thursday morning, TheFlyOnTheWall.com reports.
Shares of Omnicom Group (NYSE:OMC) opened at 67.03 on Thursday. Omnicom Group has a 52 week low of $59.36 and a 52 week high of $76.87. The stock has a 50-day moving average of $70.7 and a 200-day moving average of $71.38. The company has a market cap of $17.307 billion and a price-to-earnings ratio of 18.24.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the company posted $0.76 earnings per share. Omnicom Group’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Omnicom Group will post $4.08 EPS for the current fiscal year.
OMC has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Omnicom Group from $68.00 to $71.00 in a research note on Wednesday, April 23rd. They now have a sector perform rating on the stock. Separately, analysts at Trading Central downgraded shares of Omnicom Group from a buy rating to a neutral rating in a research note on Tuesday, April 15th. Finally, analysts at Ned Davis Research upgraded shares of Omnicom Group from a neutral rating to a buy rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Omnicom Group has a consensus rating of Buy and an average target price of $74.51.
Omnicom Group Inc (NYSE:OMC) is a holding company, providing professional services to clients through multiple agencies.
To view Albert Fried & Company’s full report, visit Albert Fried & Company’s official website.
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