Shares of Interpublic Group of Companies Inc. (The) (NYSE:IPG) traded today at $35.95, eclipsing its 52-week high. This new high was reached on below average trading volume as 852,000 shares traded hands, while the average 30-day volume is approximately 4.3 million shares.
Interpublic Group is the world’s fourth-largest ad holding company, based on annual revenue. It provides traditional advertising services along with digital and other services such as public relations through various acquisitions. IPG has made these services available in over 100 countries. The company generates more than 75% of its revenue from developed regions such as the United States and Europe.
Interpublic Group of Companies Inc. (The) (NYSE:IPG) defies analysts with a current price ($35.27) 53.1% above its average consensus price target of $16.54.
Interpublic Group of Companies Inc. (The) share prices have moved between a 52-week high of $35.95 and a 52-week low of $15.92 and are now trading 122% above that low price at $35.27 per share.
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