Brokerage Firm Rating Update on MDC Partners (MDCA)

MDC Partners (MDCA) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

MDC Partners (MDCA) : The most positive equity analysts on MDC Partners (MDCA) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $23 with an expected fluctuation of $3.94 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Jefferies downgrades its rating on MDC Partners (NASDAQ:MDCA).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 29, 2016.

MDC Partners (NASDAQ:MDCA): The stock opened at $12.24 and touched an intraday high of $12.54 on Wednesday. During the day, the stock corrected to an intraday low of $12.24, however, the bulls stepped in and pushed the price higher to close in the green at $12.45 with a gain of 1.97% for the day. The total traded volume for the day was 401,493. The stock had closed at $12.21 in the previous trading session.

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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