Price Target Update on Quanta Services (NYSE:PWR)

Quanta Services (NYSE:PWR) stock is expected to deviate a maximum of $2.26 from the average target price of $27.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $23.

Other Equity analysts have also commented on the company shares. Deutsche Bank assumes its view on Quanta Services (NYSE:PWR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank announces the current price target of $29 per share on Quanta Services . The rating by the firm was issued on April 6, 2016.

Quanta Services (NYSE:PWR): stock turned positive on Thursday. Though the stock opened at $23.79, the bulls momentum made the stock top out at $24.13 level for the day. The stock recorded a low of $23.77 and closed the trading day at $24.11, in the green by 2.33%. The total traded volume for the day was 1,854,842. The stock had closed at $23.56 in the previous days trading.

The company shares have dropped -19.29% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $29.82 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $23.36 and the 200 Day Moving Average price is recorded at $21.30. On the companys insider trading activities, The director, of Quanta Services Inc, Conaway John Michal had unloaded 9,000 shares at $28.12 per share in a transaction on May 7, 2015. The total value of transaction was $253,080. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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