Zacks Upgrades MDC Partners to “Neutral” (MDCA)
MDC Partners (NASDAQ:MDCA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $22.80 price objective on the stock. Zacks‘ target price would suggest a potential upside of 1.09% from the stock’s previous close.
Shares of MDC Partners (NASDAQ:MDCA) traded up 2.03% during mid-day trading on Tuesday, hitting $22.66. 170,943 shares of the company’s stock traded hands. MDC Partners has a 52 week low of $8.7067 and a 52 week high of $26.62. The stock’s 50-day moving average is $24.99 and its 200-day moving average is $21.17. The company’s market cap is $1.071 billion.
MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.98) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.62) by $1.36. The company had revenue of $307.10 million for the quarter, compared to the consensus estimate of $322.93 million. Analysts expect that MDC Partners will post $0.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, February 28th.
Separately, analysts at Albert Fried & Company raised their price target on shares of MDC Partners from $27.00 to $35.00 in a research note on Monday, December 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.80.
MDC Partners Inc (NASDAQ:MDCA) is a provider of marketing communications services to customers worldwide.
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