Report
Neil Macker
EUR 147.86 For Business Accounts Only

Publicis is more highly leveraged than its peers toward faster-growing digital advertising.

The U.S. Department of Justice has launched an investigation into the allegation that the major advertising agencies are rigging the bidding procedures for the production of commercials to favor in-house production groups, according to a Wall Street Journal article. The probe appears to be in the preliminary stage but would most likely cover all major agency holding companies including WPP, Omnicom, Publicis, and Interpublic. We don’t expect the investigation to change our long-term theses for t...
Underlying
Publicis Groupe SA

Publicis is holding company. Through its subsidiaries, Co. is engaged in marketing, communication and digital transformation. Co. designs a customized package of services to meet each client's particular needs through a holistic and global approach. In addition, Co. provides financial markets with information concerning the relative size of each of the different business sectors for the sole purpose of allowing sector comparisons. Co.'s principal activities comprise four main categories: Digital, Advertising, Specialized Agencies and Marketing Services (SAMS) and Media.

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
Neil Macker

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