BidaskClub cut shares of MDC Partners (NASDAQ:MDCA) from a sell rating to a strong sell rating in a research report report published on Saturday.

A number of other equities research analysts have also recently issued reports on MDCA. Jefferies Group reiterated a buy rating on shares of MDC Partners in a research note on Thursday, September 21st. Zacks Investment Research upgraded MDC Partners from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Tuesday, January 2nd. BMO Capital Markets reiterated a buy rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated a hold rating and issued a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $11.83.

Shares of MDC Partners (MDCA) opened at $9.40 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94. The stock has a market capitalization of $548.58, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 2.43 and a beta of 1.46. MDC Partners has a one year low of $6.13 and a one year high of $12.26.

MDC Partners (NASDAQ:MDCA) last posted its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $372.08 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted ($0.62) earnings per share. equities research analysts anticipate that MDC Partners will post 0.42 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of MDC Partners by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock valued at $3,154,000 after purchasing an additional 1,296 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of MDC Partners by 7.0% during the second quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 1,340 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of MDC Partners by 18.0% during the second quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 3,957 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MDC Partners by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 4,169 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of MDC Partners by 7.9% during the second quarter. Rhumbline Advisers now owns 63,946 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 4,695 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.

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About MDC Partners

MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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