MDC Partners Gets a Buy Rating from Jefferies

By Jason Carr

In a report released today, John Janedis from Jefferies reiterated a Buy rating on MDC Partners (NASDAQ: MDCA), with a price target of $12. The company’s shares closed last Friday at $8.70.

According to, Janedis is a 5-star analyst with an average return of 8.8% and a 66.8% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

MDC Partners has an analyst consensus of Moderate Buy, with a price target consensus of $12.33.

Based on MDC Partners’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $345 million and GAAP net loss of $10.57 million. In comparison, last year the company earned revenue of $309 million and had a GAAP net loss of $23.29 million.

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MDC Partners, Inc. engages in the provision of global marketing, advertising, activation, communications and strategic consulting solutions. It operates advertising, public relations, branding, digital, social and event marketing agencies. Its solutions include technology, data analytics, insights, and strategic consulting solutions. The company was founded on December 19, 1986 and is headquartered in New York, NY.