Interpublic Group Of Cos Rises On Unusually High Volume (IPG)

NEW YORK ( TheStreet) -- Interpublic Group of Cos (NYSE: IPG) is trading at unusually high volume Friday with 28.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 91 cents (+9.4%) at $10.59 as of 1:45 p.m. ET.

Interpublic Group of Cos has a market cap of $4.28 billion and is part of the services sector and media industry. Shares are up 0.5% year to date as of the close of trading on Thursday.

The Interpublic Group of Companies, Inc., through its subsidiaries, provides advertising and marketing services worldwide. Its services include consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company has a P/E ratio of 9.8, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Interpublic Group of Cos as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Interpublic Group of Cos Ratings Report.

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