MDC Partners (MDCA) Rating Increased to Sell at BidaskClub

MDC Partners (NASDAQ:MDCA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Other equities analysts have also issued reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of 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. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.83.

MDC Partners (NASDAQ MDCA) opened at $9.00 on Friday. MDC Partners has a 1-year low of $6.75 and a 1-year high of $12.26. The stock has a market cap of $525.24, a P/E ratio of 16.36, a PEG ratio of 2.46 and a beta of 1.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94.

Several institutional investors and hedge funds have recently made changes to their positions in MDCA. Chicago Equity Partners LLC bought a new stake in shares of MDC Partners during the fourth quarter valued at approximately $4,759,000. Boston Partners increased its position in shares of MDC Partners by 19.9% during the third quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock valued at $25,733,000 after acquiring an additional 387,530 shares in the last quarter. Schroder Investment Management Group increased its position in shares of MDC Partners by 19.3% during the fourth quarter. Schroder Investment Management Group now owns 2,071,488 shares of the business services provider’s stock valued at $20,197,000 after acquiring an additional 334,499 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of MDC Partners by 34.4% during the third quarter. Russell Investments Group Ltd. now owns 1,146,904 shares of the business services provider’s stock valued at $12,614,000 after acquiring an additional 293,803 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of MDC Partners by 101.0% during the third quarter. New York State Common Retirement Fund now owns 569,722 shares of the business services provider’s stock valued at $6,267,000 after acquiring an additional 286,297 shares in the last quarter. 82.65% of the stock is owned by 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.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

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