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.
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