ValuEngine Downgrades MasTec (NYSE:MTZ) to Hold

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.

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

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.

ILLEGAL ACTIVITY WARNING: “ValuEngine Downgrades MasTec (NYSE:MTZ) to Hold” was reported by BBNS and is owned by of BBNS. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://baseballnewssource.com/markets/mastec-inc-mtz-downgraded-by-valuengine/1782555.html.

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.

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

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.