Somewhat Favorable News Coverage Somewhat Unlikely to Impact MDC Partners (MDCA) Stock Price

Headlines about MDC Partners (NASDAQ:MDCA) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MDC Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.0373529322998 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

MDC Partners (NASDAQ:MDCA) opened at $11.05 on Wednesday. MDC Partners has a fifty-two week low of $6.10 and a fifty-two week high of $12.26. The company has a market cap of $647.80, a P/E ratio of 20.18, a PEG ratio of 4.40 and a beta of 1.44. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $372.08 million. During the same period last year, the firm earned ($0.62) earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. research analysts predict that MDC Partners will post 0.42 EPS for the current fiscal year.

Several equities research analysts have issued reports on MDCA shares. Wells Fargo & Company restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, October 18th. Jefferies Group restated a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Royal Bank of Canada restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, BidaskClub downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MDC Partners presently has an average rating of “Hold” and an average price target of $12.00.

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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.

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