Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Omnicom Group fell $1.40 (-1.9%) to $72.58 on heavy volume. Throughout the day, 2,161,453 shares of Omnicom Group exchanged hands as compared to its average daily volume of 1,282,300 shares. The stock ranged in price between $71.84-$73.34 after having opened the day at $72.46 as compared to the previous trading day's close of $73.98. Other companies within the Media industry that declined today were:
), down 13.0%,
), down 9.1%,
), down 8.0% and
), down 7.1%.
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Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services in the Americas, Europe, the Middle East, Africa, and the Asia pacific. Omnicom Group has a market cap of $18.6 billion and is part of the services sector. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Omnicom Group a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Omnicom Group Ratings Report.
On the positive front,
), up 6.1%,
), up 4.8%,
), up 4.6% and
), up 4.2% , were all gainers within the media industry with
) being today's featured media industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
) while those bearish on the media industry could consider
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