Shares of MDC Partners Inc. (NASDAQ:MDCA) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.00.

MDCA has been the subject of a number of recent research reports. BidaskClub downgraded MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group reaffirmed a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. Wells Fargo & Company reaffirmed a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th.

Shares of MDC Partners (NASDAQ MDCA) opened at $10.90 on Monday. MDC Partners has a 52 week low of $6.10 and a 52 week high of $12.26. The stock has a market capitalization of $636.12, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 4.33 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94.

MDC Partners (NASDAQ:MDCA) last issued its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $372.08 million. During the same period last year, the company earned ($0.62) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts anticipate that MDC Partners will post 0.42 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of MDC Partners by 0.9% during the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock worth $139,000 after purchasing an additional 127 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MDC Partners by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock worth $3,154,000 after purchasing an additional 1,296 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of MDC Partners by 7.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock worth $203,000 after purchasing an additional 1,340 shares during the last quarter. HPM Partners LLC increased its position in shares of MDC Partners by 3.2% during the 2nd quarter. HPM Partners LLC now owns 57,272 shares of the business services provider’s stock worth $841,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of MDC Partners by 18.0% during the 2nd quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock worth $256,000 after purchasing an additional 3,957 shares during the last quarter. 83.57% of the stock is owned by hedge funds and other institutional investors.

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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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