Atlantic Equities Downgrades Omnicom Group to Underweight

Brokerage firm Atlantic Equities Downgrades its rating on Omnicom Group(OMC). The shares have been rated Underweight. The rating by the stock financial advisor at Atlantic Equities was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 9, 2017, Argus Research said it Downgrades its rating on Omnicom Group. The shares have been rated ‘Hold’ by the firm.

Omnicom Group (OMC) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.07% at a volume of 17,63,520. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $85.52. The peak price level was also seen at $85.52 while the days lowest was $84.24. Finally the shares closed at $85.27. The 52-week high of the shares is $89.66 while the 52-week low is $75.4. According to the latest information available, the market cap of the company is $19,998 M.

Omnicom Group(OMC) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.242B. Analysts had an estimated revenue of $4.270B. Earnings per share were $1.47. Analysts had estimated an EPS of $1.44.

Several Insider Transactions has been reported to the SEC. On Feb 13, 2017, Dennis E. Hewitt (Treasurer) sold 1,400 shares at $85.14 per share price.Also, On Dec 13, 2016, Linda Johnson Rice (director) sold 23,400 shares at $85.80 per share price.On Nov 28, 2016, Leonard S Jr Coleman (director) sold 986 shares at $87.74 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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