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Shares of Omnicom Group Inc (OMC - Free Report) hit a 52-week high of $72.49 during the trading session on Nov 29. However, the stock closed the session at $71.45, which reflects a solid year-to-date return of 41.6%. The average trading volume of the stock aggregated 1,089,880 shares.

Despite its strong price appreciation, this Zacks Rank #3 (Hold) stock still has enough fundamentals that may further drive the stock upward. Investors remain upbeat as the increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to drive the company’s growth.

Growth Drivers

Focused expansion into large markets, winning new clients and operational excellence are the primary driving factors for Omnicom.

Omnicom is experiencing continuous revenue growth, driven by healthy performance in developed markets like the U.S. and developing markets like Asia and Latin America. The measures undertaken by the company to reduce costs have also helped it to boost earnings. The company is expanding its global footprint and moving into new service areas.

In addition, Omnicom is concentrating on strengthening its business and expanding its client base globally through acquisition of complementary companies. These accretive acquisitions have enabled the company to build up a diversified presence across the world.

The company has a track record of winning new clients and receiving additional deals from the existing ones.

Estimate Revisions

Over the last 30 days, none of the analyst revised their earnings upward or downward, thus keeping the Zacks Consensus Estimate unchanged at $3.86 per share and $4.24 for 2013 and 2014, respectively

Other Stocks to Consider

Omnicom currently has a Zacks Rank #3 (Hold). Other stocks worth considering in the industry include Stantec Inc (STN - Free Report) , holding a Zacks Rank #1 (Strong Buy), Publicis Groupe SA (PUBGY - Free Report) and YuMe, Inc. , both holding a Zacks Rank #2 (Buy).

In-Depth Zacks Research for the Tickers Above

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Omnicom Group Inc. (OMC) - free report >>

Publicis Groupe SA (PUBGY) - free report >>

Stantec Inc. (STN) - free report >>

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