In a report released yesterday, Steven Cahall from Wells Fargo maintained a Hold rating on Omnicom Group (OMC – Research Report). The company’s shares closed yesterday at $89.49.
Cahall covers the Communication Services sector, focusing on stocks such as Walt Disney, Paramount Global Class B, and Sirius XM Holdings. According to TipRanks, Cahall has an average return of -0.3% and a 48.83% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Omnicom Group with a $98.50 average price target.
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The company has a one-year high of $97.52 and a one-year low of $71.61. Currently, Omnicom Group has an average volume of 1.27M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OMC in relation to earlier this year.
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Omnicom Group (OMC) Company Description:
Omnicom Group, Inc. is a holding company, which engages in the management and provision of advertising agencies. It offers marketing and corporate communications services. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.
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