Macquarie Downgrades WPP plc American Depositary Shares (NYSE:WPP) to Neutral

WPP plc American Depositary Shares (NYSE:WPP) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, January 2nd, The Fly reports.

A number of other analysts also recently issued reports on WPP. Zacks Investment Research downgraded WPP plc American Depositary Shares from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. ValuEngine downgraded WPP plc American Depositary Shares from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley downgraded WPP plc American Depositary Shares from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 26th. Finally, Pivotal Research raised WPP plc American Depositary Shares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.00.

WPP plc American Depositary Shares (NYSE:WPP) opened at $90.07 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.96. WPP plc American Depositary Shares has a twelve month low of $82.44 and a twelve month high of $119.12.

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About WPP plc American Depositary Shares

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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