MDC Partners (MDCA) : 7 analysts are covering MDC Partners (MDCA) and their average rating on the stock is 1.57, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
MDC Partners (MDCA) stock is expected to deviate a maximum of $3.94 from the average target price of $23 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $17.
Also, Major Brokerage house, Jefferies downgrades its ratings on MDC Partners (NASDAQ:MDCA). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 29, 2016.
MDC Partners (NASDAQ:MDCA): After opening at $11.82, the stock dipped to an intraday low of $11.81 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.16 and the buying power remained strong till the end. The stock closed at $11.92 for the day, a gain of 0.59% for the day session. The total traded volume was 597,751. The stocks close on the previous trading day was $11.85.
MDC Partners Inc. is a provider of marketing communications services. The Company, through its subsidiaries, provides customized marketing, activation, communications and consulting services, including advertising and consumer communication services, media management and effectiveness across all channels, interactive and mobile marketing, direct marketing, database and customer relationship management, sales promotion, corporate communications, market research, data, analytics and insights, corporate identity, design and branding, social media, marketing, product and service innovation, ecommerce and other related services. The Company conducts its businesses through the Marketing Communications Group, which operates primarily in the United States, Canada, Europe, Asia and Latin America. The Marketing Communications Group consists of two segments: Strategic Marketing Services and Performance Marketing Services.