MDC Partners Inc. (NASDAQ:MDCA) was upgraded by research analysts at Albert Fried & Company from an “underweight” rating to an “overweight” rating in a research note issued on Thursday. The firm currently has a $7.00 target price on the stock. Albert Fried & Company’s price target points to a potential upside of 50.54% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Jefferies Group reaffirmed a “hold” rating and issued a $3.50 price objective (down previously from $17.00) on shares of MDC Partners in a research report on Monday, November 7th. Wedbush downgraded MDC Partners from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $8.00 in a research report on Friday, November 4th. Wells Fargo & Co. downgraded MDC Partners from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. BMO Capital Markets downgraded MDC Partners from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $23.00 to $5.00 in a research report on Friday, November 4th. Finally, Zacks Investment Research downgraded MDC Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.95.

Analyst Recommendations for MDC Partners (NASDAQ:MDCA)

Shares of MDC Partners (NASDAQ:MDCA) opened at 4.65 on Thursday. The company’s market capitalization is $242.93 million. The company has a 50-day moving average price of $9.08 and a 200 day moving average price of $14.27. MDC Partners has a 12-month low of $2.75 and a 12-month high of $23.90.

In related news, Director Lawrence S. Kramer acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average cost of $3.48 per share, for a total transaction of $104,400.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott L. Kauffman acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were bought at an average price of $12.19 per share, with a total value of $60,950.00. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of MDC Partners by 2.3% in the second quarter. Brown Advisory Inc. now owns 14,215 shares of the company’s stock worth $260,000 after buying an additional 320 shares during the period. BlackRock Inc. raised its position in shares of MDC Partners by 4.1% in the third quarter. BlackRock Inc. now owns 11,696 shares of the company’s stock valued at $126,000 after buying an additional 464 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of MDC Partners by 9.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,215 shares of the company’s stock valued at $169,000 after buying an additional 785 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of MDC Partners by 6.7% in the second quarter. Principal Financial Group Inc. now owns 12,616 shares of the company’s stock valued at $231,000 after buying an additional 788 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of MDC Partners by 16.2% in the second quarter. Legal & General Group Plc now owns 6,875 shares of the company’s stock valued at $124,000 after buying an additional 959 shares in the last quarter.

MDC Partners Company Profile

MDC Partners Inc is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications. It operates through a network of Partner Firms. The Advertising and Communications segment consists of integrated marketing consulting services to Partner Firms that offers advertising, marketing, media, communications solutions, and specialized consumer insights and analytics, including global advertising and marketing services; media buying, planning and optimization; interactive and mobile marketing; direct marketing; public relations; corporate communications; market research; corporate identity and branding services; sales promotion; the design, development, research and implementation of consumer services, and direct marketing services.

5 Day Chart for NASDAQ:MDCA

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