Quanta Services (PWR) : Analyst Rating Update

Quanta Services (PWR) : The consensus on Quanta Services (PWR) based on 11 analyst recommendation on the company stock is 1.73, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Quanta Services (PWR) : The highest level Quanta Services (PWR) is projected to reach is $30 for the short term and the lowest estimate is at $23. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $27.3 and the possibility the share price can swing is $2.26.

Quanta Services (NYSE:PWR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.92 and $22.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.46, notching a gain of 1.82% for the day. The total traded volume was 2,226,264 . The stock had closed at $23.04 on the previous day.

Also, Deutsche Bank assumes their rating on the shares of Quanta Services (NYSE:PWR). The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $29 per share. The rating by the firm was issued on April 6, 2016. The company shares have dropped -16.82% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $28.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.24 and the 200 Day Moving Average price is recorded at $21.47.

Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.

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