MasTec, Inc. (NYSE:MTZ) Receives Consensus Rating of “Moderate Buy” from Analysts

MasTec, Inc. (NYSE:MTZGet Rating) has been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $109.20.

MTZ has been the topic of several research reports. Craig Hallum increased their price target on shares of MasTec to $97.00 in a report on Monday, August 15th. Cowen increased their price target on shares of MasTec from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. Robert W. Baird raised their price objective on shares of MasTec from $83.00 to $106.00 in a research note on Monday, August 8th. Cowen raised their price objective on shares of MasTec from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, StockNews.com cut shares of MasTec from a “hold” rating to a “sell” rating in a research note on Friday, September 9th.

Institutional Investors Weigh In On MasTec

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in MasTec by 2.4% in the 1st quarter. BlackRock Inc. now owns 5,616,160 shares of the construction company’s stock valued at $489,168,000 after acquiring an additional 134,201 shares during the period. Vanguard Group Inc. boosted its stake in MasTec by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,519,211 shares of the construction company’s stock worth $480,724,000 after purchasing an additional 447,376 shares during the last quarter. Nordea Investment Management AB boosted its stake in MasTec by 2.8% during the 2nd quarter. Nordea Investment Management AB now owns 3,249,236 shares of the construction company’s stock worth $228,421,000 after purchasing an additional 89,184 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in MasTec by 1.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,086,658 shares of the construction company’s stock worth $221,188,000 after purchasing an additional 51,482 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in MasTec by 1.1% during the 2nd quarter. Macquarie Group Ltd. now owns 2,372,108 shares of the construction company’s stock worth $169,985,000 after purchasing an additional 25,878 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.

MasTec Stock Performance

MTZ opened at $78.36 on Thursday. MasTec has a 52-week low of $62.64 and a 52-week high of $104.21. The company has a quick ratio of 1.55, a current ratio of 1.61 and a debt-to-equity ratio of 0.85. The company has a market cap of $5.92 billion, a P/E ratio of 34.52 and a beta of 1.25. The firm’s 50-day moving average price is $79.30 and its 200-day moving average price is $79.00.

MasTec (NYSE:MTZGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The construction company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. MasTec had a net margin of 1.99% and a return on equity of 10.82%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company earned $1.23 EPS. MasTec’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts anticipate that MasTec will post 2.82 EPS for the current fiscal year.

MasTec Company Profile

(Get Rating)

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments.

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Analyst Recommendations for MasTec (NYSE:MTZ)

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