MDC Partners (NASDAQ:MDCA) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

MDCA has been the subject of several other reports. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, October 18th. Wells Fargo & Co restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a report on Tuesday, October 31st. Jefferies Group restated a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Finally, Zacks Investment Research upgraded MDC Partners from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.83.

MDC Partners (MDCA) traded down $0.05 on Friday, hitting $9.40. The stock had a trading volume of 295,614 shares, compared to its average volume of 235,459. MDC Partners has a 1 year low of $6.13 and a 1 year high of $12.26. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $551.50, a PE ratio of 29.38, a P/E/G ratio of 2.44 and a beta of 1.46.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data 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 firm had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $372.08 million. During the same period in the prior year, the business earned ($0.62) EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts expect that MDC Partners will post 0.42 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in MDC Partners during the 2nd quarter valued at about $101,000. SG Americas Securities LLC bought a new position in MDC Partners during the 3rd quarter valued at approximately $112,000. Oppenheimer Asset Management Inc. raised its position in MDC Partners by 185.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 7,059 shares during the last quarter. JPMorgan Chase & Co. raised its position in MDC Partners by 1,634.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,457 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 14,566 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in MDC Partners during the 3rd quarter valued at approximately $158,000. 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.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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