Publicis Groupe (OTCMKTS:PUBGY) Shares Pass Below 50 Day Moving Average – What’s Next?

Publicis Groupe SA (OTCMKTS:PUBGY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $24.77 and traded as low as $21.4401. Publicis Groupe shares last traded at $21.72, with a volume of 279,396 shares changing hands.

Analyst Upgrades and Downgrades

PUBGY has been the topic of several analyst reports. Citigroup upgraded shares of Publicis Groupe to a “strong-buy” rating in a research report on Monday, January 12th. Barclays cut shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Publicis Groupe Price Performance

The stock has a 50 day moving average price of $24.77 and a two-hundred day moving average price of $24.37. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.31.

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.