Wells Fargo Thinks MDC Partners’ Stock is Going to Recover


Wells Fargo analyst Peter Stabler maintained a Buy rating on MDC Partners (NASDAQ: MDCA) yesterday. The company’s shares closed yesterday at $4.55, close to its 52-week low of $3.80.

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 31.2% and a 80.9% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

Currently, the analyst consensus on MDC Partners is a Strong Buy with an average price target of $7.33.

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The company has a one-year high of $12.26 and a one-year low of $3.80. Currently, MDC Partners has an average volume of 586.8K.

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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.

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