MDC Partners Upgraded to Outperform at Zacks (MDCA)
MDC Partners (NASDAQ:MDCA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday. The firm currently has a $25.60 price objective on the stock. Zacks‘s price target points to a potential upside of 17.27% from the company’s current price.
MDC Partners (NASDAQ:MDCA) traded down 5.22% during mid-day trading on Thursday, hitting $20.70. 105,141 shares of the company’s stock traded hands. MDC Partners has a 1-year low of $14.7733 and a 1-year high of $26.62. The stock’s 50-day moving average is $21. and its 200-day moving average is $22.80. The company’s market cap is $1.026 billion.
MDC Partners (NASDAQ:MDCA) last announced its earnings results on Thursday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The company had revenue of $317.72 million for the quarter, compared to the consensus estimate of $311.13 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that MDC Partners will post $0.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Stockholders of record on Tuesday, August 5th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, August 1st.
Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners initiated coverage on shares of MDC Partners in a research note on Monday, July 7th. They set an “overweight” rating and a $27.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of MDC Partners in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $29.92.
MDC Partners Inc (NASDAQ:MDCA) is a provider of marketing communications services to customers worldwide.
To view Zacks’ full report, visit Zacks’ official website.
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