ValuEngine lowered shares of MasTec (NYSE:MTZ) from a buy rating to a hold rating in a report issued on Tuesday, November 14th.
A number of other research analysts have also commented on the stock. B. Riley restated a buy rating and set a $67.00 price target (up from $66.00) on shares of MasTec in a research report on Tuesday, November 7th. Credit Suisse Group upped their target price on shares of MasTec from $57.00 to $58.00 and gave the stock an outperform rating in a research report on Monday, November 6th. Robert W. Baird upgraded shares of MasTec from a neutral rating to an outperform rating and upped their target price for the stock from $51.00 to $53.00 in a research report on Monday, November 6th. Citigroup set a $54.00 target price on shares of MasTec and gave the stock a buy rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $55.50 target price on shares of MasTec in a research report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $55.14.
MasTec (NYSE:MTZ) remained flat at $$44.85 on Tuesday. 1,090,986 shares of the company’s stock traded hands, compared to its average volume of 1,009,140. The stock has a market capitalization of $3,711.83, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.66 and a current ratio of 1.74. MasTec has a 52-week low of $34.33 and a 52-week high of $49.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of MTZ. BlackRock Inc. boosted its position in MasTec by 15,957.0% during the first quarter. BlackRock Inc. now owns 5,192,338 shares of the construction company’s stock valued at $207,953,000 after buying an additional 5,160,001 shares during the period. Prudential Financial Inc. boosted its position in MasTec by 126.7% during the second quarter. Prudential Financial Inc. now owns 1,484,687 shares of the construction company’s stock valued at $67,033,000 after buying an additional 829,650 shares during the period. Gotham Asset Management LLC purchased a new stake in MasTec during the second quarter valued at about $19,803,000. Koch Industries Inc. purchased a new stake in MasTec during the second quarter valued at about $429,000. Finally, Macquarie Group Ltd. boosted its position in MasTec by 15.3% during the third quarter. Macquarie Group Ltd. now owns 3,046,860 shares of the construction company’s stock valued at $141,374,000 after buying an additional 404,076 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.
MasTec Company Profile
MasTec, Inc is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. Its primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility infrastructure, such as wireless, wireline/fiber, satellite communications and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; conventional and renewable power generation, and industrial infrastructure.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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