Publicis Groupe (OTCMKTS:PUBGY) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Publicis Groupe (OTCMKTS:PUBGY) from a buy rating to a hold rating in a research note released on Wednesday, 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. “

PUBGY has been the topic of several other reports. UBS Group reiterated a buy rating on shares of Publicis Groupe in a research report on Wednesday, July 15th. Credit Suisse Group reiterated a neutral rating on shares of Publicis Groupe in a research report on Friday, July 24th. Sanford C. Bernstein started coverage on Publicis Groupe in a research note on Wednesday, July 8th. They issued a market perform rating on the stock. ValuEngine cut Publicis Groupe from a sell rating to a strong sell rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Publicis Groupe in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $9.50.

Shares of Publicis Groupe stock opened at $9.06 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $8.44 and its two-hundred day moving average price is $7.96. Publicis Groupe has a 52 week low of $5.78 and a 52 week high of $12.13. The stock has a market cap of $8.22 billion, a PE ratio of 6.43 and a beta of 0.78.

The business also recently declared an annual dividend, which was paid on Monday, October 5th. Investors of record on Friday, September 11th were paid a $0.252 dividend. The ex-dividend date was Thursday, September 10th. This represents a yield of 2.96%. Publicis Groupe’s dividend payout ratio is currently 17.73%.

About Publicis Groupe

Publicis Groupe SA provides marketing, communication, and digital transformation services worldwide. The company offers creative solutions, including advertising, interactive communications and digital marketing, direct marketing and customer relationship management, sales promotion and point-of-sale marketing, public relations, corporate and financial communications, and events communication services.

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