MasTec (MTZ) : 9 brokerage houses believe that MasTec (MTZ) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on MasTec (MTZ). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 11 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.36.
MasTec (MTZ) stock is expected to deviate a maximum of $6.05 from the average target price of $29.71 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $20.
For the current week, the company shares have a recommendation consensus of Buy. MasTec (NYSE:MTZ): The stock opened at $30.04 on Thursday but the bulls could not build on the opening and the stock topped out at $30.40 for the day. The stock traded down to $29.82 during the day, due to lack of any buying support eventually closed down at $29.94 with a loss of -0.03% for the day. The stock had closed at $29.95 on the previous day. The total traded volume was 944,973 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (COO) of Mastec Inc, Apple Robert E had sold 13,739 shares worth of $326,301 in a transaction dated June 21, 2016. In this transaction, 13,739 shares were sold at $23.75 per share.
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.