MDC Partners Inc (NASDAQ:MDCA)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a note issued to investors on Thursday.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating on shares of MDC Partners in a report on Thursday, July 6th. Finally, BMO Capital Markets restated a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.14.

Shares of MDC Partners (MDCA) traded up 1.00% during trading on Thursday, reaching $10.15. 253,857 shares of the company traded hands. MDC Partners has a 12-month low of $2.75 and a 12-month high of $11.80. The firm’s 50 day moving average is $9.96 and its 200-day moving average is $9.23. The stock’s market capitalization is $593.17 million.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business had revenue of $390.53 million for the quarter, compared to analyst estimates of $368.74 million. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS. On average, equities research analysts anticipate that MDC Partners will post $0.31 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of MDC Partners during the second quarter valued at approximately $101,000. Karp Capital Management Corp purchased a new stake in shares of MDC Partners during the first quarter valued at approximately $101,000. 1st Global Advisors Inc. purchased a new stake in shares of MDC Partners during the first quarter valued at approximately $119,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of MDC Partners during the second quarter valued at approximately $136,000. Finally, Stifel Financial Corp grew its holdings in shares of MDC Partners by 3.8% during the first quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after buying an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

MDC Partners Company Profile

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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