Omnicom Group Stock Hits New 52-Week High (OMC)

NEW YORK ( TheStreet) -- Omnicom Group (NYSE: OMC) hit a new 52-week high Thursday as it is currently trading at $49.79, above its previous 52-week high of $49.78 with 1.6 million shares traded as of 3:40 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Omnicom Group has a market cap of $12.74 billion and is part of the services sector and media industry. Shares are up 10.1% year to date as of the close of trading on Wednesday.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services in the Americas, Europe, the Middle East, Africa, Asia, and Australia. The company has a P/E ratio of 14.5, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Omnicom Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Omnicom Group Ratings Report.

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