In a report released yesterday, Peter Stabler from Wells Fargo assigned a Buy rating to MDC Partners (NASDAQ: MDCA), with a price target of $10. The company’s shares opened today at $4.40, close to its 52-week low of $3.80.
According to TipRanks.com, Stabler is a 5-star analyst with an average return of 30.5% and a 80.0% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
MDC Partners has an analyst consensus of Moderate Buy, with a price target consensus of $9.
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Based on MDC Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $29.42 million. In comparison, last year the company had a GAAP net loss of $10.57 million.
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MDC Partners, Inc. engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate.
