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Interpublic Group of Companies (NYSE:IPG) was the target of some unusual options trading activity on Wednesday. Stock investors bought 7,400 put options on the company, American Banking and Market News reports. This represents an increase of 934% compared to the average volume of 716 put options.

IPG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Friday, April 25th. They now have a $18.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, February 26th. They now have a $18.00 price target on the stock, down previously from $19.00. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Interpublic Group of Companies presently has an average rating of “Hold” and an average price target of $18.20.

Shares of Interpublic Group of Companies (NYSE:IPG) traded up 1.73% on Wednesday, hitting $18.24. The stock had a trading volume of 8,645,960 shares. Interpublic Group of Companies has a one year low of $13.67 and a one year high of $18.04. The stock has a 50-day moving average of $17.20 and a 200-day moving average of $17.1. The company has a market cap of $7.727 billion and a P/E ratio of 25.95.

Interpublic Group of Companies (NYSE:IPG) last released its earnings data on Tuesday, April 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.

The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.

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