MDC Partners Inc. (MDCA) Raised to “Buy” at Jefferies Group LLC
MDC Partners Inc. (NASDAQ:MDCA) was upgraded by stock analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $12.00 price target on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 35.59% from the company’s current price.
Several other equities analysts also recently weighed in on MDCA. Telsey Advisory Group raised shares of MDC Partners from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Tuesday, November 1st. Zacks Investment Research raised shares of MDC Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 11th. Albert Fried & Company reaffirmed a “hold” rating on shares of MDC Partners in a report on Wednesday, January 11th. Wedbush downgraded shares of MDC Partners from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $8.00 in a report on Friday, November 4th. Finally, Wells Fargo & Company downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.70.
MDC Partners (NASDAQ:MDCA) opened at 8.85 on Thursday. The company’s market cap is $478.48 million. The company’s 50 day moving average is $6.85 and its 200 day moving average is $8.87. MDC Partners has a 12-month low of $2.75 and a 12-month high of $23.90.
“MDC Partners Inc. (MDCA) Raised to “Buy” at Jefferies Group LLC” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be viewed at http://www.dailypolitical.com/2017/02/17/mdc-partners-inc-mdca-upgraded-by-jefferies-group-llc-to-buy.html.
Several institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in MDC Partners during the fourth quarter valued at approximately $26,313,000. Chartwell Investment Partners LLC increased its position in MDC Partners by 15.2% in the third quarter. Chartwell Investment Partners LLC now owns 3,862,530 shares of the company’s stock valued at $41,406,000 after buying an additional 510,655 shares during the period. Wells Fargo & Company MN increased its position in MDC Partners by 32.8% in the third quarter. Wells Fargo & Company MN now owns 2,033,922 shares of the company’s stock valued at $21,803,000 after buying an additional 502,251 shares during the period. Teachers Advisors LLC increased its position in MDC Partners by 21.5% in the third quarter. Teachers Advisors LLC now owns 2,010,068 shares of the company’s stock valued at $21,548,000 after buying an additional 356,314 shares during the period. Finally, Falcon Point Capital LLC increased its position in MDC Partners by 21.9% in the third quarter. Falcon Point Capital LLC now owns 1,638,418 shares of the company’s stock valued at $13,845,000 after buying an additional 294,849 shares during the period.
About MDC Partners
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.
Receive News & Ratings for MDC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.