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 analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, October 18th. Jefferies Group reissued a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. BidaskClub downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.83.

Shares of MDC Partners (MDCA) opened at $8.90 on Wednesday. The company has a market cap of $548.58, a PE ratio of 27.81, a P/E/G ratio of 2.43 and a beta of 1.46. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. MDC Partners has a twelve month low of $6.13 and a twelve month high of $12.26.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MDCA. Schwab Charles Investment Management Inc. boosted its holdings in MDC Partners by 24.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,180 shares of the business services provider’s stock valued at $972,000 after purchasing an additional 19,300 shares during the period. Rhumbline Advisers boosted its holdings in MDC Partners by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 63,946 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 4,695 shares during the period. Bank of New York Mellon Corp boosted its holdings in MDC Partners by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock valued at $3,154,000 after purchasing an additional 1,296 shares during the period. Principal Financial Group Inc. bought a new stake in MDC Partners in the 2nd quarter valued at about $101,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in MDC Partners by 7.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 1,340 shares during the period. 83.57% of the stock is owned by hedge funds and other institutional investors.

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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.

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