Canaccord Genuity Initiates Coverage on MasTec to Buy

Canaccord Genuity Initiates Coverage on MasTec(NYSE:MTZ). The shares have been rated Buy. The rating by Canaccord Genuity was issued on Apr 11, 2016.

MasTec (MTZ) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.14% at a volume of 7,53,557. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.1025. The peak price level was also seen at $21.1025 while the days lowest was $20.55. Finally the shares closed at $21.07. The 52-week high of the shares is $21.56 while the 52-week low is $12.435. According to the latest information available, the market cap of the company is $1,689 M.

MasTec(MTZ) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.03B. Analysts had an estimated revenue of $958.60M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Mar 23, 2016, Robert J Dwyer (director) sold 5,860 shares at $19.96 per share price.Also, On Nov 17, 2015, Robert E Apple (COO) sold 11,324 shares at $42.45 per share price.On Oct 2, 2015, Jorge Mas (director 10% owner) purchased 117,700 shares at $15.81 per share price, according to the Form-4 filing with the securities and exchange commission.

MasTec Inc. is an infrastructure construction company. The Company’s primary activities include the engineering building installation maintenance and upgrade of communications energy and utility infrastructure such as wireless wireline/fiber and satellite communications; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation and industrial infrastructure. The Company manages its operations under five operating segments: Communications; Oil and Gas; Electrical Transmission; Power Generation and Industrial and Other. The Company offers its services primarily under the MasTec service mark and it has operations across 460 locations. It provides services under master service and other service agreements which are generally multi-year agreements. It offers its service offerings in markets including wireless services; natural gas natural gas liquids and petroleum pipeline; and electrical transmission among others.

Leave a Reply

MasTec - Is it time to Sell?

Top Brokerage Firms are advising their investors on MasTec. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.