WPP plc American Depositary Shares (WPP) Cut to Hold at Zacks Investment Research

WPP plc American Depositary Shares (NYSE:WPP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “WPP is in marketing communications services. They are made up of companies in: Advertising; Media Investment Management; Data Investment Management; Public Relations & Public Affairs; Branding & Identity; Healthcare Communications; Digital, eCommerce & Shopper Marketing; Specialist Communications. “

WPP has been the topic of several other reports. Pivotal Research upgraded shares of WPP plc American Depositary Shares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. ValuEngine downgraded shares of WPP plc American Depositary Shares from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Macquarie downgraded shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 2nd. Credit Suisse Group downgraded shares of WPP plc American Depositary Shares from an “outperform” rating to a “neutral” rating in a report on Tuesday. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of WPP plc American Depositary Shares in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. WPP plc American Depositary Shares has an average rating of “Hold” and an average price target of $118.50.

Shares of WPP plc American Depositary Shares (NYSE WPP) traded down $0.24 during trading hours on Friday, hitting $91.70. 303,313 shares of the stock were exchanged, compared to its average volume of 215,184. WPP plc American Depositary Shares has a 1-year low of $82.44 and a 1-year high of $119.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.96.

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WPP plc American Depositary Shares Company Profile

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

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Analyst Recommendations for WPP plc American Depositary Shares (NYSE:WPP)

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