MasTec (MTZ) Receives Price Target

MasTec (MTZ) : 11 investment research analysts covering MasTec (MTZ) have an average price target of $30.32 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $20 for the short term. Analysts expect the variance to be within $5.95 of the average price.

MasTec (MTZ) : 11 analysts are covering MasTec (MTZ) and their average rating on the stock is 1.36, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Citigroup maintains its view on MasTec (NYSE:MTZ) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $26 per share to $30 per share on MasTec . The rating by the firm was issued on August 8, 2016.

MasTec (NYSE:MTZ): The stock opened at $29.41 on Thursday but the bulls could not build on the opening and the stock topped out at $29.58 for the day. The stock traded down to $28.67 during the day, due to lack of any buying support eventually closed down at $29.43 with a loss of -0.07% for the day. The stock had closed at $29.45 on the previous day. The total traded volume was 889,172 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.