MDC Partners (NASDAQ:MDCA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “MDC Partners Inc. is a marketing communications firm providing marketing communication and consulting services throughout the United States, Canada, and the United Kingdom. Its services includes advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion. The Company also provides mobile marketing, and database and customer relationship management services. MDC Corporation Inc. is headquartered in Toronto, Canada. “

Other research analysts have also issued research reports about the company. Jefferies Group reissued a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Royal Bank of Canada restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. BidaskClub downgraded MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Wells Fargo & Company restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MDC Partners presently has an average rating of “Hold” and a consensus price target of $12.00.

Shares of MDC Partners (NASDAQ:MDCA) traded up $0.20 during midday trading on Wednesday, hitting $10.90. The stock had a trading volume of 374,602 shares, compared to its average volume of 358,028. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap 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. MDC Partners has a fifty-two week low of $6.10 and a fifty-two week high of $12.26.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.12. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $372.08 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.62) EPS. analysts predict that MDC Partners will post 0.42 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of MDC Partners by 24.7% in the 1st quarter. Geode Capital Management LLC now owns 119,017 shares of the business services provider’s stock worth $1,118,000 after acquiring an additional 23,545 shares during the period. Vanguard Group Inc. lifted its position in shares of MDC Partners by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock worth $14,881,000 after acquiring an additional 105,949 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of MDC Partners in the 2nd quarter worth approximately $590,000. Taylor Asset Management Inc. lifted its position in shares of MDC Partners by 1.2% in the 2nd quarter. Taylor Asset Management Inc. now owns 1,331,965 shares of the business services provider’s stock worth $13,186,000 after acquiring an additional 16,304 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of MDC Partners in the 2nd quarter worth approximately $1,199,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.

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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.

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