Shares of MDC Partners Inc. (NASDAQ:MDCA) have earned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.50.

A number of equities research analysts have recently commented on MDCA shares. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub raised MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st.

MDC Partners (NASDAQ MDCA) opened at 12.10 on Friday. MDC Partners has a one year low of $2.75 and a one year high of $12.10. The stock has a 50 day moving average price of $10.54 and a 200-day moving average price of $9.56. The firm’s market cap is $707.12 million.

MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS 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. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Analysts predict that MDC Partners will post $0.34 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in MDCA. Penn Capital Management Co. Inc. raised its position in MDC Partners by 191.3% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 698,005 shares of the business services provider’s stock valued at $6,916,000 after buying an additional 458,350 shares during the last quarter. Redwood Capital Management LLC raised its position in MDC Partners by 110.9% in the 2nd quarter. Redwood Capital Management LLC now owns 853,970 shares of the business services provider’s stock valued at $8,454,000 after buying an additional 449,030 shares during the last quarter. FMR LLC raised its position in MDC Partners by 5.3% in the 1st quarter. FMR LLC now owns 8,291,115 shares of the business services provider’s stock valued at $77,936,000 after buying an additional 416,974 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in MDC Partners in the 2nd quarter valued at approximately $3,374,000. Finally, Teachers Advisors LLC raised its position in MDC Partners by 17.8% in the 1st quarter. Teachers Advisors LLC now owns 2,185,734 shares of the business services provider’s stock valued at $20,546,000 after buying an additional 330,783 shares during the last quarter. 83.69% of the stock is currently owned by institutional investors and hedge funds.

About MDC Partners

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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