Publicis Groupe (OTCMKTS:PUBGY) Trading Up 7.1% – Still a Buy?

Publicis Groupe SA (OTCMKTS:PUBGY) shares shot up 7.1% during mid-day trading on Wednesday . The company traded as high as $26.86 and last traded at $26.74. 199,679 shares changed hands during trading, a decline of 28% from the average session volume of 279,238 shares. The stock had previously closed at $24.96.

Analysts Set New Price Targets

Several research firms recently commented on PUBGY. Berenberg Bank upgraded shares of Publicis Groupe to a “strong-buy” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group upgraded shares of Publicis Groupe to a “strong-buy” rating in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Publicis Groupe Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $24.66 and a 200 day moving average price of $23.61.

About Publicis Groupe

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.