MDC Partners Inc. (NASDAQ:MDCA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $11.60 and last traded at $11.60, with a volume of 276,834 shares trading hands. The stock had previously closed at $11.30.

Several equities analysts have weighed in on MDCA shares. Zacks Investment Research downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a report on Wednesday, September 13th. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, September 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MDC Partners has an average rating of “Hold” and an average target price of $12.14.

The firm’s 50-day moving average is $10.43 and its 200-day moving average is $9.52. The firm’s market capitalization is $686.67 million.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The business had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same quarter last year, the firm posted $0.02 earnings per share. MDC Partners’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that MDC Partners Inc. will post $0.35 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Karp Capital Management Corp bought a new stake in MDC Partners in the first quarter worth about $101,000. Principal Financial Group Inc. acquired a new stake in MDC Partners during the 2nd quarter worth about $101,000. Stifel Financial Corp raised its holdings in MDC Partners by 3.8% during the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock worth $131,000 after buying an additional 515 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in MDC Partners during the 2nd quarter worth about $136,000. Finally, Legal & General Group Plc raised its holdings in MDC Partners by 0.9% during the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock worth $139,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “MDC Partners Inc. (MDCA) Hits New 1-Year High at $11.60” was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/10/18/mdc-partners-inc-mdca-hits-new-1-year-high-at-11-60.html.

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.

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.