MDC Partners Inc (MDCA) is Reiterated by Wedbush to Outperform, Lowers Price Target to $ 23

MDC Partners Inc (MDCA) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $26 . Wedbush advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on MDC Partners Inc. MDC Partners Inc was Downgraded by Jefferies to ” Hold” on Jul 29, 2016. Shares were Downgraded by Telsey Advisory Group on Jul 29, 2016 to ” Market Perform” and Lowered the Price Target to $ 22 from a previous price target of $28.50 .

On the company’s financial health, MDC Partners Inc reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.18. The company had revenue of $337.05 million for the quarter, compared to analysts expectations of $346.15 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

MDC Partners Inc opened for trading at $18.18 and hit $18.44 on the upside on Thursday, eventually ending the session at $18.19, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 5,72,964 shares. Company has a market cap of $940 M.

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.

MDC Partners Inc

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