MasTec, Inc. (MTZ) Downgraded by ValuEngine

ValuEngine lowered shares of MasTec, Inc. (NYSE:MTZ) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other research analysts have also commented on the company. Citigroup Inc. set a $54.00 price objective on MasTec and gave the company a buy rating in a report on Friday, October 27th. Deutsche Bank AG raised MasTec from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a buy rating and issued a $55.50 price objective on shares of MasTec in a report on Friday, October 13th. Credit Suisse Group raised MasTec from a neutral rating to an outperform rating and upped their price objective for the company from $46.00 to $55.00 in a report on Monday, July 24th. Finally, Zacks Investment Research lowered MasTec from a strong-buy rating to a hold rating in a report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $55.14.

Shares of MasTec (MTZ) opened at $40.60 on Tuesday. MasTec has a 12 month low of $34.20 and a 12 month high of $49.50. The company has a quick ratio of 1.66, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3,330.00, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.11 and a beta of 1.54.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. MasTec had a return on equity of 20.67% and a net margin of 3.78%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts expect that MasTec will post 2.65 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “MasTec, Inc. (MTZ) Downgraded by ValuEngine” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/mastec-inc-mtz-downgraded-by-valuengine/1782555.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MasTec by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the construction company’s stock worth $100,000 after purchasing an additional 229 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of MasTec during the 2nd quarter worth $102,000. Global X Management Co. LLC grew its holdings in shares of MasTec by 220.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,614 shares of the construction company’s stock worth $118,000 after purchasing an additional 1,799 shares in the last quarter. Creative Planning grew its holdings in shares of MasTec by 16.4% during the 2nd quarter. Creative Planning now owns 2,685 shares of the construction company’s stock worth $121,000 after purchasing an additional 379 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of MasTec by 13.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,700 shares of the construction company’s stock worth $167,000 after purchasing an additional 430 shares in the last quarter. 71.05% of the stock is currently owned by institutional investors.

About MasTec

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.

Analyst Recommendations for MasTec (NYSE:MTZ)

Receive News & Ratings for MasTec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasTec Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.