MDC Partners (NASDAQ:MDCA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other equities research analysts also recently issued reports about the company. Jefferies Group reiterated a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, September 13th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a research note on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.00.
Shares of MDC Partners (NASDAQ MDCA) traded down $0.25 during midday trading on Thursday, hitting $11.15. The stock had a trading volume of 429,571 shares, compared to its average volume of 410,172. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. MDC Partners has a 12-month low of $6.10 and a 12-month high of $12.26. The stock has a market capitalization of $679.89, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 4.62 and a beta of 1.44.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of MDC Partners by 0.9% in the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock worth $139,000 after purchasing an additional 127 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of MDC Partners by 0.4% in 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. boosted its position in shares of MDC Partners by 7.0% in 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. HPM Partners LLC boosted its position in shares of MDC Partners by 3.2% in the 2nd quarter. HPM Partners LLC now owns 57,272 shares of the business services provider’s stock worth $841,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in MDC Partners by 18.0% in the 2nd quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock worth $256,000 after acquiring an additional 3,957 shares during the last quarter. 83.57% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3080701/mdc-partners-mdca-cut-to-hold-at-bidaskclub.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.