Publicis Groupe (OTCMKTS:PUBGY) Raised to “Hold” at Zacks Investment Research

Publicis Groupe (OTCMKTS:PUBGYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Publicis Groupe S.A. is a global advertising and communications organization, offering a range of services to companies in 100 countries, with a particular strength in France, Germany, the United Kingdom, Spain, Italy and North America. “

Several other research firms have also issued reports on PUBGY. Oddo Bhf raised shares of Publicis Groupe from a “neutral” rating to an “outperform” rating and increased their price target for the stock from €58.00 ($62.37) to €70.50 ($75.81) in a research report on Tuesday, January 25th. Societe Generale increased their price target on shares of Publicis Groupe from €77.00 ($82.80) to €78.00 ($83.87) in a research report on Wednesday, April 20th. Barclays lowered shares of Publicis Groupe from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 14th. Credit Suisse Group dropped their price target on shares of Publicis Groupe from €70.00 ($75.27) to €67.00 ($72.04) in a research report on Wednesday, April 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Publicis Groupe from €65.00 ($69.89) to €63.00 ($67.74) in a research report on Friday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.88.

Shares of PUBGY opened at $15.45 on Tuesday. The company has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $16.46. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.40. Publicis Groupe has a 52 week low of $13.17 and a 52 week high of $19.25.

About Publicis Groupe (Get Rating)

Publicis Groupe SA provides communication, value chain, consulting, execution, and marketing and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East. The company operates as advertising agencies that offer billboard, television, radio, and press advertising services, as well as advertising solutions through digital channels under the Publicis Worldwide, Saatchi & Saatchi, Leo Burnett, Marcel, Fallon, and BBH brands; and provides crisis communications, media relations, public affairs, financial communications, and strategy and event management services, as well as digital marketing services.

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