Low Marketing Impact: Omnicom Group Stock Will Not Return To Pre-Covid Level
- Date: 13-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Low Marketing Impact: Omnicom Group Stock Will Not Return To Pre-Covid Level
BRAZIL - 2020/08/19: In this photo illustration the Omnicom Group logo seen displayed on a ... [+] smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
We believe that Omnicom Group stock (NYSE: OMC) may be a good opportunity at the present time. Omnicom Group is a leading marketing communications company engaged in brand advertising, customer relationship management, and media planning. OMC trades at $52 currently and is, in fact, down 34% so far this year (from $79 at the beginning of 2020). It traded at $77 in February 2020 – just before the coronavirus pandemic hit the world – and is currently still 32% below that level, as well. This is after OMC stock gained over 11%
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