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Investment analysts at Jefferies Group started coverage on shares of MDC Partners (NASDAQ:MDCA) in a note issued to investors on Wednesday, reports. The firm set a “buy” rating on the stock.

Shares of MDC Partners (NASDAQ:MDCA) traded down 1.05% on Wednesday, hitting $20.75. 135,722 shares of the company’s stock traded hands. MDC Partners has a 52 week low of $11.72 and a 52 week high of $26.62. The stock’s 50-day moving average is $21.55 and its 200-day moving average is $23.35. The company’s market cap is $1.043 billion.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.16. The company had revenue of $292.60 million for the quarter, compared to the consensus estimate of $282.50 million. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that MDC Partners will post $0.56 EPS for the current fiscal year.

Separately, analysts at RBC Capital raised their price target on shares of MDC Partners from $26.00 to $27.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.95.

MDC Partners Inc (NASDAQ:MDCA) is a provider of marketing communications services to customers worldwide.

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