Wells Fargo Upgrades MDC Partners Inc to Outperform

Brokerage firm Wells Fargo Upgrades its rating on MDC Partners Inc(NASDAQ:MDCA). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Apr 14, 2016.

In a different note, On Mar 7, 2016, Evercore ISI Group said it Upgrades its rating on MDC Partners Inc. The shares have been rated ‘Buy’ by the firm. On Feb 19, 2016, BMO Capital said it Upgrades its rating on MDC Partners Inc. The shares have been rated ‘Outperform’ by the firm.

MDC Partners Inc (MDCA) made into the market gainers list on Mondays trading session with the shares advancing 0.18% or 0.04 points. Due to strong positive momentum, the stock ended at $22.88, which is also near the day’s high of $22.99. The stock began the session at $22.75 and the volume stood at 4,19,975 shares. The 52-week high of the shares is $28.64 and the 52 week low is $16.15. The company has a current market capitalization of $1,144 M and it has 4,99,98,214 shares in outstanding.

MDC Partners Inc(MDCA) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $359.01M. Analysts had an estimated revenue of $360.93M. Earnings per share were $-0.52. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Nov 2, 2015, Miles Nadal (10% owner) sold 1,842,000 shares at $20.50 per share price.

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.

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