Shares of MDC Partners Inc. (NASDAQ:MDCA) have received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.20.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of MDC Partners in a research note on Thursday, July 6th. Jefferies Group LLC increased their target price on MDC Partners to $12.00 and gave the company a “buy” rating in a research note on Monday, June 5th. BidaskClub upgraded MDC Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

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MDC Partners (NASDAQ MDCA) opened at 9.75 on Friday. MDC Partners has a 52 week low of $2.75 and a 52 week high of $12.80. The stock’s market cap is $569.79 million. The stock has a 50 day moving average price of $10.17 and a 200 day moving average price of $9.15.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm had revenue of $390.53 million for the quarter, compared to analyst estimates of $368.74 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that MDC Partners will post $0.31 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in shares of MDC Partners during the fourth quarter worth approximately $276,000. Nationwide Fund Advisors increased its position in shares of MDC Partners by 3.5% in the first quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock worth $307,000 after buying an additional 1,093 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of MDC Partners by 0.7% in the first quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock worth $22,583,000 after buying an additional 17,452 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of MDC Partners by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock worth $2,983,000 after buying an additional 24,894 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of MDC Partners by 12.4% in the first quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock worth $827,000 after buying an additional 9,700 shares in the last quarter. 83.68% of the stock is owned by hedge funds and other institutional investors.

About MDC Partners

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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