MDC Partners Inc Reaches New 12-Month High at $26.09 (MDCA)
MDC Partners (NASDAQ:MDCA)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings.Net reports. The company traded as high as $26.09 and last traded at $26.03, with a volume of 114,787 shares traded. The stock had previously closed at $25.06.
Several analysts have recently commented on the stock. Analysts at Albert Fried & Company raised their price target on shares of MDC Partners from $27.00 to $35.00 in a research note to investors on Monday. Separately, analysts at Zacks downgraded shares of MDC Partners from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 27th. They now have a $23.70 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.53.
MDC Partners has a 52 week low of $7.7133 and a 52 week high of $26.01. The stock’s 50-day moving average is $23.42 and its 200-day moving average is $18.19. The company’s market cap is $1.262 billion.
MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.60. The company had revenue of $289.00 million for the quarter, compared to the consensus estimate of $290.54 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that MDC Partners will post $-1.60 EPS for the current fiscal year.
MDC Partners Inc (NASDAQ:MDCA) is a provider of marketing communications services to customers worldwide.
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