MDC Partners Gets a Buy Rating from BMO Capital

By Austin Angelo

BMO Capital analyst Daniel Salmon reiterated a Buy rating on MDC Partners (NASDAQ: MDCA) on September 11 and set a price target of $15. The company’s shares opened today at $9.35.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

MDC Partners has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.

Based on MDC Partners’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $391 million and quarterly net profit of $9.87 million. In comparison, last year the company earned revenue of $337 million and had a net profit of $1.17 million.

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MDC Partners, Inc. one of the fastest-growing and most influential marketing and communications networks in the world. Our agency partners leverage technology, data analytics, insights, and strategic consulting solutions to drive measurable results and optimize return on marketing investment for over 1,700 clients worldwide.