Publicis Groupe (OTCMKTS:PUBGY) Sets New 1-Year High – Here’s Why

Publicis Groupe SA (OTCMKTS:PUBGY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $26.94 and last traded at $26.8450, with a volume of 34122 shares changing hands. The stock had previously closed at $25.95.

Wall Street Analysts Forecast Growth

PUBGY has been the topic of several research reports. The Goldman Sachs Group raised Publicis Groupe to a “strong-buy” rating in a research report on Wednesday, June 3rd. Berenberg Bank upgraded Publicis Groupe to a “strong-buy” rating in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Publicis Groupe has an average rating of “Strong Buy”.

Publicis Groupe Stock Up 3.5%

The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $25.06 and its two-hundred day moving average is $23.57.

About Publicis Groupe

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.