MDC Partners (MDCA) Downgraded to Strong Sell at BidaskClub

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

A number of other research firms also recently weighed in on MDCA. Zacks Investment Research downgraded shares of MDC Partners from a buy rating to a hold rating in a research report on Wednesday, December 13th. Wells Fargo & Co reaffirmed a hold rating on shares of MDC Partners in a research report on Friday, February 23rd. Royal Bank of Canada set a $12.00 target price on shares of MDC Partners and gave the stock a hold rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets reaffirmed a buy rating on shares of MDC Partners in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $12.40.

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MDC Partners (NASDAQ MDCA) opened at $7.45 on Thursday. The company has a debt-to-equity ratio of -3.59, a current ratio of 0.70 and a quick ratio of 0.70. MDC Partners has a 1-year low of $6.80 and a 1-year high of $12.26. The company has a market cap of $435.34, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $402.70 million during the quarter, compared to analyst estimates of $408.70 million. MDC Partners had a net margin of 15.98% and a negative return on equity of 9.36%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. sell-side analysts predict that MDC Partners will post 0.61 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of MDC Partners by 1.3% in the 4th quarter. BlackRock Inc. now owns 2,708,782 shares of the business services provider’s stock worth $26,411,000 after buying an additional 33,472 shares during the period. Boston Partners grew its position in shares of MDC Partners by 19.9% in the 3rd quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after buying an additional 387,530 shares during the period. Schroder Investment Management Group grew its position in shares of MDC Partners by 19.3% in the 4th quarter. Schroder Investment Management Group now owns 2,071,488 shares of the business services provider’s stock worth $20,197,000 after buying an additional 334,499 shares during the period. Teachers Advisors LLC grew its position in shares of MDC Partners by 2.1% in the 4th quarter. Teachers Advisors LLC now owns 1,844,341 shares of the business services provider’s stock worth $17,982,000 after buying an additional 38,149 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of MDC Partners by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock worth $14,881,000 after buying an additional 105,949 shares during the period. 86.04% of the stock is currently owned by hedge funds and other 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.

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