Somewhat Positive Media Coverage Somewhat Unlikely to Affect MDC Partners (MDCA) Stock Price
Press coverage about MDC Partners (NASDAQ:MDCA) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MDC Partners earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.9484283033852 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
MDC Partners (MDCA) traded down $0.15 during trading hours on Friday, reaching $10.10. The company’s stock had a trading volume of 345,800 shares, compared to its average volume of 411,053. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners has a 52 week low of $4.15 and a 52 week high of $12.26. The stock has a market cap of $598.19, a PE ratio of 18.64, a PEG ratio of 4.62 and a beta of 1.47.
MDC Partners (NASDAQ:MDCA) last released its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.12. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $372.08 million. During the same quarter in the previous year, the business posted ($0.62) EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts forecast that MDC Partners will post 0.37 EPS for the current year.
Several analysts have issued reports on MDCA shares. Zacks Investment Research upgraded MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Wells Fargo & Company restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a report on Wednesday, October 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.00.
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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.
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