Publicis Groupe (OTCMKTS:PUBGY) Upgraded to Buy at Zacks Investment Research

Publicis Groupe (OTCMKTS:PUBGYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Thursday, reports. The brokerage presently has a $15.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.78% from the stock’s current price.

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 analysts also recently weighed in on PUBGY. Societe Generale boosted their price objective on shares of Publicis Groupe from €77.00 ($82.80) to €78.00 ($83.87) in a research report on Wednesday, April 20th. Barclays downgraded shares of Publicis Groupe from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 14th. Credit Suisse Group reduced 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. Morgan Stanley downgraded shares of Publicis Groupe from an “equal weight” rating to an “underweight” rating in a research report on Monday, May 23rd. Finally, AlphaValue upgraded shares of Publicis Groupe to a “reduce” rating in a research report on Monday, February 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.22.

Shares of OTCMKTS:PUBGY opened at $13.30 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.94. Publicis Groupe has a twelve month low of $13.17 and a twelve month high of $19.25. The firm has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $15.90.

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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