Report
Ali Mogharabi
EUR 101.80 For Business Accounts Only

Omnicom's Solid 3Q Is Possibly Good News for IPG and WPP; Maintaining $85 FVE; Shares Undervalued

Omnicom’s third-quarter results beat top- and bottom-line expectations. Solid organic revenue growth in Europe and North America more than offset surprising weakness in the Latin America region. The firm also displayed year-over-year operating margin expansion. It appears that businesses are once again embracing ad spending, given further evidence of continuing moderate growth in the U.S. economy. Omnicom’s solid third quarter may also be good news for other ad holding companies including IPG an...
Underlying
Omnicom Group Inc

Omnicom Group is a holding company, engaged in providing advertising, marketing and corporate communications services. The company's networks and agencies provide a range of services in the following fundamental disciplines: advertising, customer relationship management, public relations and healthcare. The company's Service offerings include, among others, advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, and imaging.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ali Mogharabi

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