Interpublic Group Of Cos Stock Hits New 52-Week High (IPG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Interpublic Group of Cos (NYSE: IPG) hit a new 52-week high Thursday as it is currently trading at $12.18, above its previous 52-week high of $12.17 with 1.5 million shares traded as of 11:31 a.m. ET. Average volume has been six million shares over the past 30 days.

Interpublic Group of Cos has a market cap of $5.12 billion and is part of the services sector and media industry. Shares are up 8.3% year to date as of the close of trading on Wednesday.

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 15.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Interpublic Group of Cos as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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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