Zacks Investment Research lowered shares of MDC Partners (NASDAQ:MDCA) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “MDC Partners Inc. is a marketing communications firm providing marketing communication and consulting services throughout the United States, Canada, and the United Kingdom. Its services includes advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion. The Company also provides mobile marketing, and database and customer relationship management services. MDC Corporation Inc. is headquartered in Toronto, Canada. “

A number of other research firms have also recently commented on MDCA. BidaskClub cut shares of MDC Partners from a buy rating to a hold rating in a research report on Thursday, December 7th. Jefferies Group restated a buy rating on shares of MDC Partners in a research report on Thursday, September 21st. Wells Fargo & Co restated a hold rating and issued a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, October 31st. Finally, BMO Capital Markets restated a buy rating and issued a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. MDC Partners presently has a consensus rating of Hold and an average price target of $11.83.

Shares of MDC Partners (NASDAQ:MDCA) traded up $0.05 during trading on Wednesday, hitting $9.15. 172,759 shares of the company’s stock traded hands, compared to its average volume of 284,877. The company has a market cap of $536.90, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.45. MDC Partners has a 52 week low of $6.12 and a 52 week high of $12.26. 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 released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.12. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $372.08 million. During the same quarter in the prior year, the company earned ($0.62) EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts forecast that MDC Partners will post 0.39 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDCA. Bank of New York Mellon Corp increased its holdings in MDC Partners by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock worth $3,154,000 after purchasing an additional 1,296 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in MDC Partners by 7.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock worth $203,000 after purchasing an additional 1,340 shares in the last quarter. Voya Investment Management LLC increased its holdings in MDC Partners by 18.0% during the 2nd quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock worth $256,000 after purchasing an additional 3,957 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in MDC Partners by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock worth $436,000 after purchasing an additional 4,169 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in MDC Partners by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 63,946 shares of the business services provider’s stock worth $633,000 after purchasing an additional 4,695 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.

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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.

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