Somewhat Favorable Media Coverage Somewhat Unlikely to Affect MDC Partners (MDCA) Stock Price
Press coverage about MDC Partners (NASDAQ:MDCA) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MDC Partners earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.1462222992246 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of research analysts recently issued reports on the company. BidaskClub upgraded MDC Partners from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Co reiterated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a report on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. MDC Partners currently has an average rating of “Hold” and an average price target of $11.83.
MDC Partners (NASDAQ:MDCA) traded up $0.35 during trading hours on Friday, hitting $9.00. The company had a trading volume of 401,784 shares, compared to its average volume of 275,111. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $525.24, a P/E ratio of 28.13, a PEG ratio of 2.46 and a beta of 1.25. MDC Partners has a fifty-two week low of $6.75 and a fifty-two week high of $12.26.
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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