Equities researchers at RBC Capital hoisted their price objective on shares of MDC Partners (NASDAQ:MDCA) from C$22.00 to C$26.00 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock.
Shares of MDC Partners (NASDAQ: MDCA) traded up 4.73% during mid-day trading on Friday, hitting $23.05. MDC Partners has a 52 week low of $9.24 and a 52 week high of $22.07. The stock’s 50-day moving average is currently $19.1. The company’s market cap is $734.1 million.
A number of other analysts have also recently weighed in on MDCA. Analysts at UBS AG raised their price target on shares of MDC Partners from $20.00 to $24.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of MDC Partners in a research note to investors on Thursday, June 6th. They now have a $20.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of MDC Partners from $17.00 to $20.00 in a research note to investors on Monday, April 29th. They now have a “buy” rating on the stock.
Six analysts have rated the stock with a buy rating, MDC Partners presently has a consensus rating of “Buy” and an average price target of $21.17.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.09%.
MDC Partners Inc (NASDAQ: MDCA) is a provider of marketing communications services to customers worldwide.
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