Royal Bank Of Canada reaffirmed their hold rating on shares of MDC Partners Inc. (NASDAQ:MDCA) in a research report sent to investors on Wednesday morning. The brokerage currently has a $12.00 target price on the business services provider’s stock.

Several other equities analysts have also issued reports on MDCA. Zacks Investment Research lowered MDC Partners from a buy rating to a hold rating in a research note on Wednesday, July 19th. BidaskClub upgraded MDC Partners from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. Jefferies Group LLC lifted their target price on MDC Partners to $12.00 and gave the company a buy rating in a research note on Monday, June 5th. Finally, BMO Capital Markets reiterated a buy rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MDC Partners currently has a consensus rating of Hold and a consensus target price of $12.14.

Shares of MDC Partners (NASDAQ MDCA) traded down 2.11% during mid-day trading on Wednesday, reaching $9.30. 51,322 shares of the company traded hands. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $9.20. MDC Partners has a 52 week low of $2.75 and a 52 week high of $12.40. The stock’s market capitalization is $543.49 million.

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

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake 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 valued at $77,936,000 after purchasing an additional 416,974 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of MDC Partners by 0.7% during 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 acquiring an additional 17,452 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of MDC Partners by 0.4% during the second quarter. Teachers Advisors LLC now owns 2,194,168 shares of the business services provider’s stock worth $21,722,000 after acquiring an additional 8,434 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of MDC Partners by 3.3% during the second quarter. Schroder Investment Management Group now owns 1,504,336 shares of the business services provider’s stock worth $14,968,000 after acquiring an additional 48,053 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of MDC Partners by 7.6% during the second quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock worth $14,881,000 after acquiring an additional 105,949 shares during the last quarter. Institutional investors own 83.69% of the company’s stock.

MDC Partners Company Profile

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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