MasTec (MTZ) : Traders are bullish on MasTec (MTZ) as it has outperformed the S&P 500 by a wide margin of 0.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.17% in the last 1 week, and is up 0.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 5.29%.The 200 Day SMA reached 36.65%
MasTec (NYSE:MTZ): The stock opened in the green at $29.99 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $29.99 and a low of $29.46 for the day. The stock did not find buyers even at the lows and closed at $29.74 recording a loss of -0.40%. 575,895 shares exchanged hands during the trading day. The stock had closed at $29.74 in the previous days trading.
MasTec (MTZ) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $23. The average forecast of all the analysts is $31.32 and the expected standard deviation is $4.72.
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.