MDC Partners (MDCA) Upgraded to “Outperform” at Wells Fargo

Wells Fargo upgraded shares of MDC Partners (NASDAQ:MDCA) from a market perform rating to an outperform rating in a report released on Thursday, Marketbeat reports.

Other equities analysts have also recently issued reports about the company. BidaskClub raised MDC Partners from a strong sell rating to a sell rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of MDC Partners from a sell rating to a hold rating in a research note on Wednesday, January 24th. ValuEngine lowered shares of MDC Partners from a hold rating to a sell rating in a research note on Monday, April 2nd. Royal Bank of Canada set a $12.00 target price on shares of MDC Partners and gave the company a hold rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets reiterated a buy rating on shares of MDC Partners in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $12.40.

MDCA stock traded down $0.10 during midday trading on Thursday, hitting $7.55. The company’s stock had a trading volume of 87,133 shares, compared to its average volume of 359,091. The stock has a market capitalization of $400.28, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. MDC Partners has a 12 month low of $6.53 and a 12 month high of $12.26. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of -3.59.



MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $402.70 million for the quarter, compared to analysts’ expectations of $408.70 million. MDC Partners had a negative return on equity of 9.36% and a net margin of 15.98%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. research analysts predict that MDC Partners will post 0.61 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MDCA. Kennedy Capital Management Inc. increased its stake in shares of MDC Partners by 7.4% in the 4th quarter. Kennedy Capital Management Inc. now owns 517,268 shares of the business services provider’s stock worth $5,043,000 after purchasing an additional 35,802 shares in the last quarter. American Century Companies Inc. increased its stake in shares of MDC Partners by 131.8% in the 4th quarter. American Century Companies Inc. now owns 285,443 shares of the business services provider’s stock worth $2,783,000 after purchasing an additional 162,302 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of MDC Partners by 106.5% in the 4th quarter. SG Americas Securities LLC now owns 21,070 shares of the business services provider’s stock worth $205,000 after purchasing an additional 10,867 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of MDC Partners by 101.0% in the 3rd quarter. New York State Common Retirement Fund now owns 569,722 shares of the business services provider’s stock worth $6,267,000 after purchasing an additional 286,297 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of MDC Partners in the 3rd quarter worth $922,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

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MDC Partners Company Profile

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

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