BidaskClub lowered shares of MDC Partners (NASDAQ:MDCA) from a sell rating to a strong sell rating in a research note published on Saturday morning.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut MDC Partners from a buy rating to a hold rating in a research note on Wednesday, December 13th. Wells Fargo & Co reaffirmed a hold rating and set a $12.00 price objective on shares of MDC Partners in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a buy rating and set a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a buy rating on shares of MDC Partners in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. MDC Partners has an average rating of Hold and an average price target of $11.83.

Shares of MDC Partners (MDCA) traded down $0.05 during trading hours on Friday, hitting $9.40. The stock had a trading volume of 295,614 shares, compared to its average volume of 235,459. MDC Partners has a 52-week low of $6.13 and a 52-week high of $12.26. The company has a market capitalization of $548.58, a PE ratio of 17.09, a P/E/G ratio of 2.43 and a beta of 1.46. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.12. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The firm had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $372.08 million. During the same period last year, the firm earned ($0.62) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts expect that MDC Partners will post 0.42 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in shares of MDC Partners in the second quarter worth about $101,000. SG Americas Securities LLC bought a new stake in shares of MDC Partners in the third quarter worth about $112,000. Oppenheimer Asset Management Inc. grew its stake in shares of MDC Partners by 185.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock worth $120,000 after purchasing an additional 7,059 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of MDC Partners by 1,634.8% in the second quarter. JPMorgan Chase & Co. now owns 15,457 shares of the business services provider’s stock worth $153,000 after purchasing an additional 14,566 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of MDC Partners in the third quarter worth about $158,000. 83.57% of the stock is currently owned by institutional investors.

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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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