Jefferies Group LLC reissued their buy rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a research note released on Thursday.

Other analysts have also issued reports about the company. BidaskClub lowered MDC Partners from a strong-buy rating to a buy rating in a report on Thursday, August 3rd. BMO Capital Markets reiterated a buy rating and set a $15.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. Zacks Investment Research upgraded MDC Partners from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $12.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $12.14.

Shares of MDC Partners (NASDAQ MDCA) opened at 10.40 on Thursday. The company has a 50-day moving average price of $9.96 and a 200-day moving average price of $9.23. The company’s market cap is $607.78 million. MDC Partners has a 1-year low of $2.75 and a 1-year high of $11.80.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business had revenue of $390.53 million for the quarter, compared to the consensus estimate of $368.74 million. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. Equities research analysts expect that MDC Partners will post $0.31 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Karp Capital Management Corp bought a new stake in shares of MDC Partners in the first quarter valued at $101,000. Principal Financial Group Inc. bought a new stake in shares of MDC Partners in the second quarter valued at $101,000. 1st Global Advisors Inc. bought a new stake in shares of MDC Partners in the first quarter valued at $119,000. Stifel Financial Corp raised its stake in shares of MDC Partners by 3.8% in the first quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after buying an additional 515 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of MDC Partners in the second quarter valued at $136,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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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