BidaskClub upgraded shares of MDC Partners Inc. (NASDAQ:MDCA) from a buy rating to a strong-buy rating in a research note released on Wednesday.

Several other brokerages have also weighed in on MDCA. Zacks Investment Research upgraded MDC Partners from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Tuesday. Royal Bank Of Canada reiterated a hold rating on shares of MDC Partners in a research report on Thursday, July 6th. BMO Capital Markets reiterated a buy rating and issued a $15.00 price objective on shares of MDC Partners in a research report on Monday, April 17th. Jefferies Group LLC reiterated a buy rating and issued a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, March 21st. Finally, Wells Fargo & Company reiterated a hold rating on shares of MDC Partners in a research report on Friday, April 28th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $11.86.

Shares of MDC Partners (NASDAQ MDCA) traded up 0.48% during midday trading on Wednesday, hitting $10.45. The company had a trading volume of 872,034 shares. MDC Partners has a 12 month low of $2.75 and a 12 month high of $18.64. The company’s market capitalization is $595.03 million. The company has a 50-day moving average of $9.19 and a 200-day moving average of $8.42.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.29. The business had revenue of $344.70 million during the quarter, compared to analysts’ expectations of $335.32 million. MDC Partners had a negative return on equity of 3.65% and a negative net margin of 2.48%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.47) earnings per share. Analysts predict that MDC Partners will post $0.26 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in MDC Partners by 5.3% in the first quarter. FMR LLC now owns 8,291,115 shares of the business services provider’s stock worth $77,936,000 after buying an additional 416,974 shares during the period. Wells Fargo & Company MN boosted its position in 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 during the period. Teachers Advisors LLC boosted its position in MDC Partners by 17.8% in the first quarter. Teachers Advisors LLC now owns 2,185,734 shares of the business services provider’s stock worth $20,546,000 after buying an additional 330,783 shares during the period. Schroder Investment Management Group boosted its position in MDC Partners by 40.4% in the first quarter. Schroder Investment Management Group now owns 1,456,283 shares of the business services provider’s stock worth $13,835,000 after buying an additional 418,677 shares during the period. Finally, Vanguard Group Inc. boosted its position in MDC Partners by 4.8% in the first quarter. Vanguard Group Inc. now owns 1,397,114 shares of the business services provider’s stock worth $13,133,000 after buying an additional 63,952 shares during the period. Institutional investors own 86.14% of the company’s stock.

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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