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Analysts Conflicted on These Communication Services Names: Comcast (CMCSA) and Omnicom Group (OMC)

Tipranks - Wed Apr 1, 4:01AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Comcast (CMCSA) and Omnicom Group (OMC).

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Comcast (CMCSA)

Barclays analyst Kannan Venkateshwar assigned a Hold rating to Comcast today and set a price target of $28.00. The company’s shares closed last Monday at $28.90.

According to TipRanks.com, Venkateshwar is a 5-star analyst with an average return of 9.1% and a 56.3% success rate. Venkateshwar covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Warner Music Group. ;'>

Currently, the analyst consensus on Comcast is a Hold with an average price target of $32.19, a 12.5% upside from current levels. In a report issued on March 25, Goldman Sachs also maintained a Hold rating on the stock with a $28.00 price target.

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Omnicom Group (OMC)

Wells Fargo analyst Steven Cahall maintained a Buy rating on Omnicom Group yesterday and set a price target of $91.00. The company’s shares closed last Monday at $75.32.

According to TipRanks.com, Cahall is a 5-star analyst with an average return of 7.3% and a 54.5% success rate. Cahall covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, E. W. Scripps Company Class A, and Live Nation Entertainment. ;'>

Omnicom Group has an analyst consensus of Moderate Buy, with a price target consensus of $98.57, representing a 32.3% upside. In a report issued on March 20, UBS also maintained a Buy rating on the stock with a $114.00 price target.

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