Brokerage Firm Rating Update on MasTec (MTZ)

MasTec (MTZ) : Zacks Investment Research ranks MasTec (MTZ) as 1, which is a Strong Buy recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.36, which indicates as a Strong Buy.

MasTec (MTZ) : The highest short term price target forecast on MasTec (MTZ) is $35 and the lowest target price is $20. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $30.32 with a standard deviation of $5.95.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Citigroup maintains the rating on MasTec (NYSE:MTZ). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $26 per share to $30 per share. The rating by the firm was issued on August 8, 2016.

MasTec (NYSE:MTZ): stock was range-bound between the intraday low of $29.05 and the intraday high of $29.77 after having opened at $29.76 on Wednesdays session. The stock finally closed in the red at $29.76, a loss of -2.05%. The stock remained in the red for the whole trading day. The total traded volume was 609,129 shares. The stock failed to cross $29.77 in Wednesdays trading. The stocks closing price on Thursday was $29.73.

MasTec, Inc. is an infrastructure construction company. The Companys 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.

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