Somewhat Positive Media Coverage Somewhat Unlikely to Affect MDC Partners (NASDAQ:MDCA) Stock Price
Press coverage about MDC Partners (NASDAQ:MDCA) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MDC Partners earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.760374594782 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- MDC Partners Inc. – Class A Sub (NASDAQ:MDCA) Stock Closed Well Above Its 50 Day Average (highlightpress.com)
- MDC Partners Joins Cross-Industry Coalition to Advance Diversity and Inclusion in the Workplace, Reinforcing Ongoing Diversity and Inclusion Efforts (finance.yahoo.com)
- BidaskClub Upgrades MDC Partners Inc. (MDCA) to Strong-Buy (techzolix.com)
- Head to Head Contrast: MDC Partners (MDCA) and Sizmek (SZMK) (americanbankingnews.com)
A number of analysts have weighed in on MDCA shares. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of MDC Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada set a $10.00 price target on shares of MDC Partners and gave the stock a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC lifted their price target on shares of MDC Partners to $12.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of MDC Partners in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. MDC Partners presently has a consensus rating of “Buy” and a consensus price target of $11.86.
MDC Partners (NASDAQ MDCA) traded up 1.716% during trading on Thursday, hitting $10.375. 53,509 shares of the company were exchanged. The stock’s market capitalization is $590.76 million. MDC Partners has a 1-year low of $2.75 and a 1-year high of $18.44. The firm’s 50 day moving average price is $9.40 and its 200-day moving average price is $8.52.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Thursday, April 27th. The business services provider reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.29. MDC Partners had a negative return on equity of 3.65% and a negative net margin of 2.48%. The business had revenue of $344.70 million during the quarter, compared to analyst estimates of $335.32 million. During the same quarter last year, the company posted ($0.47) EPS. MDC Partners’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that MDC Partners will post $0.28 EPS for the current year.
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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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